CASE COMMENTS: STATE AID – EUROPEAN UNION – ADMISSIBILITY OF AN ACTION – AID FOR THE RESOLUTION OF A BANK – LACK OF STANDING

Admissibility: The General Court of the European Union once again dismisses as inadmissible an action for annulment brought against the European Commission decision, qualifying the rescue measures of a Portuguese bank as State aid compatible with the internal market, due to the lack of standing to act of the applicants (BPC Lux 2)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. In order to rescue Banco Espírito Santo (BES), the Portuguese authorities have decided to submit it to a resolution procedure. This involved the transfer of the healthy assets of BES to a 'bridge bank' and the remaining assets and liabilities to a 'hive-off vehicle'. The assets of the BES shareholders and

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  • European Court of Justice (Luxembourg)

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Raphaël Vuitton, Admissibility: The General Court of the European Union once again dismisses as inadmissible an action for annulment brought against the European Commission decision, qualifying the rescue measures of a Portuguese bank as State aid compatible with the internal market, due to the lack of standing to act of the applicants (BPC Lux 2), 19 December 2019, Concurrences N° 1-2020, Art. N° 93357, pp. 137-138

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