CASE COMMENTS: STATE AIDS - RECOVERY OF UNLAWFUL STATE AID - RENOUNCING A DEBT IN THE CASE OF IMPENDING LIQUIDATION

Recovery of unlawful State Aid: The CFI holds that the amount of aid repayable corresponds to the amount of the debt renounced, and not to the loss which would have been incurred had the company been put into liquidation (Technische Glaswerke Ilmenau)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. CFI, 8 July 2004, Technishe Glaswerke Ilmenau GmbH v Commission, Case T-198/01 In that case the Court rejects the argument

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Jean-Yves Chérot, Recovery of unlawful State Aid: The CFI holds that the amount of aid repayable corresponds to the amount of the debt renounced, and not to the loss which would have been incurred had the company been put into liquidation (Technische Glaswerke Ilmenau), 8 July 2004, Concurrences N° 1-2004, Art. N° 12068, pp. 86-87

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