ALERTS: STATE AIDS - EUROPEAN UNION - FRANCE - INCOMPATIBLE AID - ADMISSIBILITY - STATE RESOURCES - UNLIMITED GUARANTEE - NATURAL DISASTERS

Compatibility: The General Court of the European Union dismisses an action against the decision declaring compatible the French State aid scheme allocating an unlimited guarantee for a natural disaster risk reinsurance activity (Scor)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Court of First Instance of the European Union dismisses Scor's action against the decision finding compatible with the internal market the aid scheme resulting from the unlimited guarantee granted to the Caisse Centrale de Réassurance (CCR) for its reinsurance of natural catastrophe risks in France. On 6 May 2019, the Court of First Instance of the European Union delivered a judgment in State aid case T-135/17 (Scor v Commission). This case specifically concerns the unlimited guarantee granted to the Caisse Centrale de Réassurance (CCR) for its natural catastrophe reinsurance business in France. Originally, the applicant - Scor - lodged a complaint with

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  • L’actu-concurrence (Paris)

Quotation

Alain Ronzano, Compatibility: The General Court of the European Union dismisses an action against the decision declaring compatible the French State aid scheme allocating an unlimited guarantee for a natural disaster risk reinsurance activity (Scor), 6 May 2019, Concurrences N° 3-2019, Art. N° 90367, www.concurrences.com

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