CASE COMMENTS: STATE AIDS - MODERNISATION – RESCUE AND RESTRUCTURING – GUIDELINES:

Undertakings in difficulty : The European Commission adopts new guidelines on rescue and restructuring aid

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The previous Commission Communication on rescue and restructuring aid dated from 2004, and had been extended twice. It struck a balance between the need to support ailing companies that can restructure and become viable again and the need to limit the significant distortions of competition caused by this type of aid. Indeed, rescue and restructuring aid is one of the most distortive types of aid, since it keeps alive firms that would otherwise have to disappear and whose market shares would be taken over by their competitors. The new Communication does not fundamentally change the main balances of the 2004 Communication, nor is its architecture

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  • European Commission - Legal Service (Brussels)

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Bruno Stromsky, Undertakings in difficulty : The European Commission adopts new guidelines on rescue and restructuring aid, 31 July 2014, Concurrences N° 4-2014, Art. N° 69971, pp. 179-180

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