ALERTS: STATE AID - EUROPEAN UNION - GERMANY - CAR - CALL FOR TENDERS - FORMAL INVESTIGATION PROCEDURE - SALE OF ASSETS - LEGALITY - COMPATIBILITY

Compatibility: The General Court of the European Union finds no evidence of State aid in the sale of the assets of a German car circuit likely to justify the opening of a formal investigation procedure (NeXovation, Ja zum Nürburgring)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 19 June 2019, the General Court of the European Union delivered two State aid judgements concerning the sale of the Nürburgring complex to an undertaking in Rhineland-Palatinate, respectively in cases T-353/15 (NeXovation Inc. v. European Commission) and T-353/15 (NeXovation Inc. v. European Commission). and T-373/15 (Ja zum Nürburgring eV v European Commission). Despite the support measures for the construction of a leisure park, hotels and restaurants and the organisation of Formula 1 races paid by the Land of Rhineland-Palatinate between 2002 and 2012, the public companies owning the Nürburgring experienced difficulties which led the District Court of

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Compatibility: The General Court of the European Union finds no evidence of State aid in the sale of the assets of a German car circuit likely to justify the opening of a formal investigation procedure (NeXovation, Ja zum Nürburgring), 19 June 2019, Concurrences N° 3-2019, Art. N° 90844, www.concurrences.com

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