CASE COMMENTS : STATE AID – LOAN – RIGHTS OF DEFENCE – OBLIGATION TO STATE REASONS – STATE RESSOUCES – IMPUTABILITY TO THE STATE –PRIVATE INVESTOR CRITERION – FIRMS IN DIFFICULTY

Loan: The General Court rules that the margins to be applied to set the reference of the interests exigible by undertakings depend on the rating of the undertaking set by the 2008 Commision’s notice (Région Nord-Pas-de-Calais)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Trib. UE, 12 May 2011, Région Nord-Pas-de-Calais and Others v Commission, Joined Cases T-267/08 and T-279/08 The decision of the Court of First Instance of 12 May 2011, Région Nord-Pas-de-Calais and Communauté d'agglomération du Douaisis v. Commission (Cases T-267/08 and T-279/08) is certainly not a major decision, but it contains many analyses that will attract attention. Those cases are brought before the Court of First Instance by two actions for annulment of a Commission decision declaring that the two repayable advances of EUR 1 million each granted respectively by the Nord-Pas-de-Calais Region and the Communauté d'agglomération du Douaisis to a

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Jean-Yves Chérot, Loan: The General Court rules that the margins to be applied to set the reference of the interests exigible by undertakings depend on the rating of the undertaking set by the 2008 Commision’s notice (Région Nord-Pas-de-Calais), 12 May 2011, Concurrences N° 3-2011, Art. N° 37943, pp. 166-169

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