ALERTS: STATE AID - EUROPEAN UNION - ROMANIA - JURISDICTION - ARBITRATION - DAMAGES - EUROPEAN UNION MEMBERSHIP - ADVANTAGE - ANNULMENT

Notion of aid: The General Court of the European Union holds that the award of damages for the period preceding Romania’s EU membership cannot be qualified as advantage and aid (Micula)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. In the case of the arbitration in favour of Swedish investors in Romania, the General Court of the European Union ruled that the Commission was not competent to deal with facts prior to Romania's accession to the EU and, therefore, that the award of damages for the period preceding that accession could not be classified as an advantage and aid within the meaning of Article 107 TFEU and accordingly annulled its decision. On 18 June 2019, the Court of First Instance of the European Union delivered its judgement in the Micula case (T-624/15, T-694/15 and T-704/15).. It orders the annulment in its entirety of the decision of 30 March 2015.The Commission had

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Notion of aid: The General Court of the European Union holds that the award of damages for the period preceding Romania’s EU membership cannot be qualified as advantage and aid (Micula), 18 June 2019, Concurrences N° 3-2019, Art. N° 90837, www.concurrences.com

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