Market price and lease agreement: The General Court of the European Union annuls a decision of the European Commission classifying a lease contract as unlawful State aid on the grounds of manifest errors of assessment in examining the market price and value of certain contractual obligations (Tartu Agro)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. In January 2020, the Commission decided that aid illegally granted to the Estonian agricultural company Tartu Agro had to be recovered. With the annulled judgment, the Court of First Instance annuls this decision. The measure consisted of a lease agreement between Tartu Agro and the Estonian Ministry of Agriculture concerning agricultural land in Tartu owned by the Republic of Estonia. The contract was signed in 2000 after a tender procedure for a period of 25 years. Tartu Argo was to bear the costs of maintenance (annual investments in drainage systems, soil quality improvement, crop protection, fertilizers, etc.) and payment of the corresponding taxes.

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Authors

  • Sheppard, Mullin, Richter & Hampton (Brussels)
  • Sheppard, Mullin, Richter & Hampton (Brussels)

Quotation

Jacques Derenne, Ana Alvarez Vidal, Market price and lease agreement: The General Court of the European Union annuls a decision of the European Commission classifying a lease contract as unlawful State aid on the grounds of manifest errors of assessment in examining the market price and value of certain contractual obligations (Tartu Agro), 13 July 2022, Concurrences N° 4-2022, Art. N° 109604, pp. 108-109

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