ALERTS: STATE AID - EUROPEAN UNION - ROMANIA - PROOF - COMPATIBILITY - RECOVERY

Proof: The General Court of the European Union considers that the European Commission has not sufficiently demonstrated that certain measures granted by Romania to a petrochemical company in difficulty constituted State aid (Oltchim)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 16 December 2021, the General Court of the European Union made public a judgment adopted the day before, on 15 December 2021, in case T-565/19 (Oltchim v. European Commission). The case concerns around €335 million of state aid granted to the ailing petrochemical company Oltchim by Romania in the form of debt write-offs and continued free supplies since the company's failed privatisation in September 2012. In a decision of 17 December 2018the Commission considered that the aid thus granted was incompatible with the internal market and had to be recovered by Romania from Oltchim. The Commission found that no private creditor would have agreed to write

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Proof: The General Court of the European Union considers that the European Commission has not sufficiently demonstrated that certain measures granted by Romania to a petrochemical company in difficulty constituted State aid (Oltchim), 15 December 2021, Concurrences N° 4-2021, Art. N° 104169, www.concurrences.com

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