CASE COMMENTS: STATE AIDS – ADVANTAGE – PRIVATE INVESTOR TEST

Tax exemptions: The General Court of the European Union recalls that any advantage reducing the burdens which should ordinarily bear on an undertaking’s budget, without being a subvention stricto sensu, must be assessed in the light of Article 107 (1) TFEU (Grèce, Ellinikos Chrysos)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Following the bankruptcy of TVX Hellas Gold in 2003, which owned the Kassandra mines, located in or near the Skouries forest, the Greek State bought the assets of the bankrupt company before quickly selling the mines to a newly created company called Ellinikos Chrysos. On 23 February 2011, the Commission found that the privatisation constituted unlawful State aid in that the sales of the mines had been carried out below the real market value, and

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  • Sheppard, Mullin, Richter & Hampton (Brussels)

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Jacques Derenne, Tax exemptions: The General Court of the European Union recalls that any advantage reducing the burdens which should ordinarily bear on an undertaking’s budget, without being a subvention stricto sensu, must be assessed in the light of Article 107 (1) TFEU (Grèce, Ellinikos Chrysos), 9 December 2015, Concurrences N° 1-2016, Art. N° 77915, p. 172

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