LEGAL PRACTICE: STATE AID – RESCUE – RESTRUCTURATION – CONCEPT OF UNDERTAKING IN DIFFICULTY – COMMISSION GUIDELINES

The concept of undertaking in difficulty in the new Commission Guidelines on State aid for rescuing and restructuring

The new guidelines on state aid for rescuing and restructuring give a new definition of the concept of undertaking in difficulty making this concept more complex in its comprehension. The general idea remains that an undertaking is considered to be in difficulty when, without intervention of the State, it will almost certainly be condemned to going out of business in the short or medium term. But, more precisely, the new guidelines refer to four situations in which an undertaking will be considered to be in difficulty. These four scenarios, which use quite technical concepts, should be explained in their content and their meaning.

1. Les nouvelles lignes directrices sur les aides au sauvetage et à la restructuration ont été publiées à l’été 2014 [1]. Elles viennent remplacer le précédent texte, qui devait expirer en 2009, mais avait fait l’objet de deux prolongations. Le nouveau texte, dont le domaine est désormais limité aux entreprises autres que les établissements financiers, énonce les conditions auxquelles les aides au sauvetage et à la restructuration d’entreprises en difficulté peuvent être considérées comme compatibles avec le marché intérieur sur le fondement de l’article 107, paragraphe 3, point c), TFUE. Dans le cadre des travaux de réforme des lignes directrices, l’un des points qui a soulevé le plus de controverses a sans doute été la définition qui serait finalement retenue de la notion d’entreprise en difficulté. C’est

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  • Université de Perpignan

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Cheik Galokho, The concept of undertaking in difficulty in the new Commission Guidelines on State aid for rescuing and restructuring, May 2016, Concurrences Review N° 2-2016, Art. N° 78805, www.concurrences.com

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