CASE COMMENTS: STATE AIDS - NOTION OF STATE AID - PUBLIC DECLARATIONS OF SUPPORT

Notion of State Aid (advantage): The European Commission holds that declarations by national authorities in favour of a public undertaking which are sufficiently clear, precise and definite, and which evidence the existence of credible State involvement, may turn a shareholder advance into State aid (France Telecom)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Commission's decision of 2 August 2004 on the state aid implemented by France in favour of France Télécom gave rise to a major legal battle over whether statements by a government in support of a public undertaking could be regarded as state aid. The Commission took the view that, since the French authorities' statements in support of France Télécom were 'sufficiently clear, precise and firm to demonstrate the existence of a credible commitment on the part of the State', the 'innovative' argument that the French authorities' statements constituted State aid was not justified. is "probably not unfounded." However, in view of the many difficulties in

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Jean-Yves Chérot, Notion of State Aid (advantage): The European Commission holds that declarations by national authorities in favour of a public undertaking which are sufficiently clear, precise and definite, and which evidence the existence of credible State involvement, may turn a shareholder advance into State aid (France Telecom), 2 August 2004, Concurrences N° 1-2004, Art. N° 12054, pp. 80-81

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