ALERTS: STATE AID - EUROPEAN UNION - SLOVAKIA - ECONOMIC CONTINUITY - RECOVERY - BANKRUPT COMPANY - EXISTING AID

Economic continuity: The Court of Justice of the European Union confirms that Slovak State’s approval of continued operation of bankrupt company classified as strategic company constitutes State aid (Fortischem)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 29 April 2021, the Court of Justice of the European Union delivered a judgment in case C-890/19 (Fortischem a.s. v. European Commission). The Court dismissed the appeal brought by the operator to whom the bulk of the assets of a bankrupt company had been transferred and which had obtained authorisation from the Slovak State, under the Law on strategic companies, to continue to operate the manufacture of chemical products. In this case, the Commission considered, in a decision of 15 October 2014that the granting of strategic company status to the company in difficulty constituted a selective advantage for it, was imputable to the State, had led to the

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Economic continuity: The Court of Justice of the European Union confirms that Slovak State’s approval of continued operation of bankrupt company classified as strategic company constitutes State aid (Fortischem), 29 April 2021, Concurrences N° 3-2021, Art. N° 100584, www.concurrences.com

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