ALERTS: STATE AID - EUROPEAN UNION - ITALY - STATE RESOURCES - AID QUALIFICATION

State resources: Advocate General Tanchev invites the Court of Justice of the European Union to confirm that the support granted by a private law consortium to one of its members does not involve the use of State resources and is therefore not imputable to it, to dismiss the appeal brought by the Commission against the judgment of the General Court of the European Union dismissing the classification as State aid (Italian Republic, Banca d’Italia, a.o.)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 29 October 2020, Advocate General Evgeni Tanchev presented his conclusions. in Case C-425/19 (Commission of the European Communities v Italian Republic and Others) Taking the view, in turn, that the support granted by a consortium of Italian banks to one of its members did not involve the use of State resources and was therefore not imputable to it, Advocate General Tanchev calls on the Court of Justice of the European Union to dismiss the appeal brought by the Commission against the judgment of the Court of First Instance dismissing the classification as State aid. In 2013, an Italian bank, Banca Popolare di Bari, expressed its interest in

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  • L’actu-concurrence (Paris)

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Alain Ronzano, State resources: Advocate General Tanchev invites the Court of Justice of the European Union to confirm that the support granted by a private law consortium to one of its members does not involve the use of State resources and is therefore not imputable to it, to dismiss the appeal brought by the Commission against the judgment of the General Court of the European Union dismissing the classification as State aid (Italian Republic, Banca d’Italia, a.o.), 29 October 2020, Concurrences N° 4-2020, Art. N° 97720, www.concurrences.com

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