CASE COMMENTS: STATE AID - BANK SECTOR - RESTRUCTURING

Restructuring plan and back-up facility: The European Commission approves a Dutch bank restructuring plan and illiquid asset back-up facility (ING)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Eur. Comm. dec. of 18 November 2009 on the State aid implemented by the Netherlands for the plan for back-up facilities for illiquid assets and for the restructuring of ING, Case C 10/2009 (ex N 138/2009) ING provides banking, insurance and asset management services to more than 85 million customers in over 40 countries. With some 125,000 employees and a balance sheet of EUR 1,332 billion at the end of 2008, it is one of the world's largest financial institutions. It has benefited from a number of support measures since the beginning of the financial crisis. Thus, on 11 November 2008, the Dutch State injected EUR 10 billion of capital into ING under

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  • European Commission - Legal Service (Brussels)

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Bruno Stromsky, Restructuring plan and back-up facility: The European Commission approves a Dutch bank restructuring plan and illiquid asset back-up facility (ING), 18 November 2009, Concurrences N° 2-2010, Art. N° 31174, pp. 122-123

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