CASE COMMENTS : STATE AID – LOAN – RIGHTS OF DEFENCE – STATE RESSOUCES – ACCOUNTABILITY TO THE STATE

Loan: The General Court confirms that a loan granted by a Region and an urban community to an undertaking in difficulty without any security right to guarantee the reimbursement is a State aid (Nord-Pas-de-Calais Region and Douaisis)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Following a judgment delivered on 12 May 2011 in the joined cases T-267/08 and T-279/08, the Court of First Instance of the European Union dismisses in full the actions for annulment brought by the Nord-Pas-de-Calais Region and the Communauté d'agglomération du Douaisis against the final decision of the Commission, of 23 June 2010, on State aid C 38/2007 implemented by the European Commission in the framework of the execution by France in favour of Arbel Fauvet Rail, by which. In the case in point, Arbel Fauvet Rail, a manufacturer of railway equipment a rolling stock for industrial use established in Douai, had obtained from the Région Nord-Pas- de Calais

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Loan: The General Court confirms that a loan granted by a Region and an urban community to an undertaking in difficulty without any security right to guarantee the reimbursement is a State aid (Nord-Pas-de-Calais Region and Douaisis), 12 May 2011, Concurrences N° 3-2011, Art. N° 54332, “www.concurrences.com”

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