ALERTS: STATE AID – INCOMPATIBLE STATE AID – INTERIOR MARKET - ADMISSIBILITY

Admissibility: The Court of Justice of the European Union considers admissible the appeal against the Commission’s decision qualifying the aid measures of Portuguese bank incompatible with the interior market since the appeal is likely to bring a benefit to the applicant (BPC Lux 2)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 7 November 2018, the Court of Justice of the European Union delivered a judgment in Case C-544/17 (BPC Lux 2 and Others v Commission).. The Court orders the annulment of the order of the Court of First Instance of the European Union of 19 July 2017 (not published), by which the Court dismissed as inadmissible their action brought by the debenture creditors of a Portuguese credit institution in difficulty, Banco Espírito Santo (BES), seeking annulment of the Commission's decision of 3 August 2014. according to which the Commission had concluded that the measure consisting of a capital injection of EUR 4 899 million by the Portuguese authorities into the

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Admissibility: The Court of Justice of the European Union considers admissible the appeal against the Commission’s decision qualifying the aid measures of Portuguese bank incompatible with the interior market since the appeal is likely to bring a benefit to the applicant (BPC Lux 2), 7 November 2018, Concurrences N° 1-2019, Art. N° 88473, www.concurrences.com

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