ALERTS: STATE AID - EUROPEAN UNION - BANKING SECTOR - ADMISSIBILITY - COMPATIBILITY

Compatible State aid: The General Court of the European Union finds inadmissible the action against the Commission’s decision classifying the rescue measure for a Portuguese bank in difficulty as State aid compatible with the internal market (BPC Lux 2)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 19 December 2019, the Court of the Union, ruling on a reference after cassation, handed down a judgment in case T-812/14 RENV (BPC Lux 2 Sàrl v. European Commission).. 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).in favour of which it annulled 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 the 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

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Compatible State aid: The General Court of the European Union finds inadmissible the action against the Commission’s decision classifying the rescue measure for a Portuguese bank in difficulty as State aid compatible with the internal market (BPC Lux 2), 19 December 2019, Concurrences N° 1-2020, Art. N° 92718, www.concurrences.com

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