CASE COMMENTS : STATE AIDS – WAIVER OF CLAIMS – RECOVERY – NEW AID

Waiver of claims: The General Court confirms the European Commission’s analysis further to the inaction by the Bulgarian State to claim since January 2007 the reimbursement of debts owed by an undertaking to which public loans had been granted (Rousse Industry)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Trib. EU, 20 March 2013, Rousse Industry v Commission, Case T-489/11 The present case concerns the support granted by the Bulgarian State to Rousse Industry AD, a company active in the shipbuilding industry, in the form of loans in the years 1996 and 1997, the repayment debt of which was the subject of a rescheduling agreement in 2001 with deferred repayment dates from 2006 until 2015. The payment deadlines were not respected according to the 2001 agreement and the Bulgarian State notified to the Commission in 2009 a plan for further debt rescheduling (until 2019 with a grace period until 2012) as restructuring aid. Subsequently, due to non-compliance

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  • Sheppard, Mullin, Richter & Hampton (Brussels)

Quotation

Jacques Derenne, Waiver of claims: The General Court confirms the European Commission’s analysis further to the inaction by the Bulgarian State to claim since January 2007 the reimbursement of debts owed by an undertaking to which public loans had been granted (Rousse Industry), 20 March 2013, Concurrences N° 2-2013, Art. N° 52102, p. 136

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