ALERT: STATE AID - CONCEPT OF STATE AID - GUARANTEE - ADVANTAGE

Concept of state aid: The General Court of the European Union rejects the appeal of Austria against the Commission’s decisions qualifying as state aid the guarantee granted by Austria in the context og a bank restructuring programme (Republic of Austria)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 28 January 2016 the European Court of First Instance delivered a judgment in Case T-427/12 (Austria v Commission). according to which it confirms that the guarantee granted by Austria to BayernLB in the context of its restructuring in respect of BayernLB's credit lines to Hypo Group Alpe Adria did indeed constitute State aid compatible with EU law. It therefore dismisses the action brought by Austria against the Commission's decisions. By decisions of 25 July 2012 and 5 February 2013, the Commission approved the restructuring of Bayerische Landesbank (BayernLB). The Commission found that certain measures of the Free State of Bavaria and Germany in

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Concept of state aid: The General Court of the European Union rejects the appeal of Austria against the Commission’s decisions qualifying as state aid the guarantee granted by Austria in the context og a bank restructuring programme (Republic of Austria), 28 January 2016, Concurrences N° 2-2016, Art. N° 79659, www.concurrences.com

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