ALERT: STATE AID - COMPATIBILITY - PRIVATE INVESTOR TEST

Private investor test: The General Court of the European Union annuls the Commission’s decision relating to a an aid granted to a Danish bank (FIH)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. By way of a ruling http://curia.europa.eu/juris/docume... By judgment of 15 September 2016, the Court of First Instance of the European Union, in Case T-386/14 (FIH Holding A/S and FIH Erhvervsbank A/S v European Commission), annulled the Commission's decision of 11 March 2014 finding State aid to a Danish bank. After a first set of support measures in 2009, a Danish bank, affected by the banking crisis in 2008, had to be subject to a second set of support measures in 2012 when the rating agency Moody's downgraded its rating to B1 with a negative outlook. In order to overcome imminent liquidity problems, it appeared necessary to significantly reduce the

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Private investor test: The General Court of the European Union annuls the Commission’s decision relating to a an aid granted to a Danish bank (FIH), 15 September 2016, Concurrences Nº 4-2016, Art. N° 82213, www.concurrences.com

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