ALERTS: STATE AID - EUROPEAN UNION - GERMANY – TENDER OFFER - MOTORING - SPORT - FORMAL INVESTIGATION PROCEDURE - BANKRUPT COMPANY - EXISTING AID - ILLEGAL AID

Existing aid: The Court of Justice of the European Union asks the Commission, finding that the tender offer procedure for the sale of the Nürburgring racetrack raised doubts as to its impartiality, to re-examine whether that transaction involved the granting of state aid (Ja zum Nürburgring / NeXovation)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 2 September 2021, the Court of Justice of the Union delivered two judgments, respectively incase C-647/19 (Ja zum Nürburgring eV v. European Commission) and incase C-665/19 (NeXovation Inc. v. European Commission)concerning possible aid granted in connection with the sale of the Nürburgring complex to a company in Rhineland-Palatinate in 2013. Despite the support measures for the construction of a leisure park, hotels and restaurants and the organisation of Formula 1 races paid by the State of Rhineland-Palatinate between 2002 and 2012, the public companies owning the Nürburgring experienced difficulties which led the District Court of Bad

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Existing aid: The Court of Justice of the European Union asks the Commission, finding that the tender offer procedure for the sale of the Nürburgring racetrack raised doubts as to its impartiality, to re-examine whether that transaction involved the granting of state aid (Ja zum Nürburgring / NeXovation), 2 September 2021, Concurrences N° 4-2021, Art. N° 102395, www.concurrences.com

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