*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
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)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.