ALERTS: STATE AID - EUROPEAN UNION - FRANCE - EXISTING AID - FINANCIAL SECTOR - ADVANTAGE - STATE GUARANTEE

Existing aid: The General Court of the European Union considers that the European Commission has not demonstrated to the requisite legal standard the existence of a selective advantage which the Institut Français du Pétrole would have enjoyed as a result of its conversion into a public industrial and commercial establishment (IFPEN)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 5 October 2020, the Court of First Instance of the European Union delivered a judgment on a reference for a preliminary ruling after cassation in Joined Cases T-479/11 RENV and T-157/12 RENV.. In this case, which is entirely centred on the question of the unlimited guarantee enjoyed, by virtue of their status, by French public industrial and commercial establishments (EPICs), which enables them to avoid being subject to insolvency and bankruptcy proceedings, it will be recalled that, in the context of thejudgment of 26 May 2016 in Joined Cases T-479/11 (France v Commission) and T-157/12the General Court of the European Union had partially annulled the

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Existing aid: The General Court of the European Union considers that the European Commission has not demonstrated to the requisite legal standard the existence of a selective advantage which the Institut Français du Pétrole would have enjoyed as a result of its conversion into a public industrial and commercial establishment (IFPEN), 5 October 2020, Concurrences N° 4-2020, Art. N° 97117, www.concurrences.com

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