CASE COMMENT: STATE AIDS - RECOVERY OF AID

Recovery: The ECJ holds that a debt-free transfer of assets to a new company is an obstacle to executing a Commission decision requiring the recovery of State aid (Commission/Greece)

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*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – ECJ, 12 May 2005, Commission v. Greece, Case C-415/03. The judgment of the Court was delivered on an action for failure to fulfil obligations brought against Greece for failure to adopt the measures necessary to recover various aid pursuant to a Commission decision of 11 December 2002 (OJEU No L. 132 of 28 May 2003, p. 1) concerning aid granted by Greece to Olympic Airways. On the

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