CASE COMMENT: STATE AIDS - RECOVERY OF MISUSED AID

Identifying the beneficiaries: The CFI holds that the Commission has to clarify who the beneficiaries are for the purposes of recovering misused aid (Saxonia Edelmetalle-ZEMAG)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. CFI, 11 May 2005, Saxonia Edelmetalle GmbH and ZEMAG v. Commission, Joined cases T-111/01 and T-133/01 This case follows one of the many restructuring and privatisation operations of enterprises in the former German Democratic Republic. One of these operations had been notified by Germany to the Commission because it contained aid elements. The Commission declared them compatible in 1996. Contrary to expectations, not all of these companies, grouped together in the Lintra group, proved to be profitable and the privatisation body (BvS, the successor to the Treuhandanstalt) released the buyers from their obligations under the privatisation contract in

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Author

  • Sheppard, Mullin, Richter & Hampton (Brussels)

Quotation

Jacques Derenne, Identifying the beneficiaries: The CFI holds that the Commission has to clarify who the beneficiaries are for the purposes of recovering misused aid (Saxonia Edelmetalle-ZEMAG), 11 May 2005, Concurrences N° 3-2005, Art. N° 1044, pp. 108-109

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