ALERT: STATE AID - COMPATIBLE AID - FIRMS IN DIFFICULTY - EQUAL TREATMENT

Firms in difficulty: The General Court of the European Union gives useful details as to the conditions in which state aids for rescuing and restructuring may be granted (Secop)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. On 1 March 2016, the General Court of the European Union delivered a judgment in Case T-79/14 (Secop GmbH v. European Commission).. In that decision, the Court rejects the application for annulment of the decision of 18 December 2013. on rescue aid to ACC Compressors SpA - Italy, under which the Commission had decided not to raise objections to an aid measure consisting of a six-month State guarantee for credit lines to cover liquidity needs totalling €13.6 million in favour of a producer of compressors for domestic refrigerators which was in difficulties. In particular, the Commission considered that the notified measure constituted State aid

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Firms in difficulty: The General Court of the European Union gives useful details as to the conditions in which state aids for rescuing and restructuring may be granted (Secop), 1 March 2016, Concurrences N° 2-2016, Art. N° 79663, www.concurrences.com

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