The EU General Court confirms that the Commission has a large margin of discretion in determining the compatibility of restructuring aid (ABN Amro)

Two Judgments: a) Unlimited State Guarantees and b) The Discretion of the Commission in Restructuring Measures* Main points Unlimited state guarantees are never compatible with the internal market The existence of an unlimited guarantee and its benefits can be inferred from the relevant legal context in which the state assumes certain obligations towards creditors The Commission may impose both structural and behavioural remedies on recipients of restructuring aid These remedies may cover sectors other than the main sector in which the aid recipient operates Remedies may extend beyond the period in which the restructuring plan is implemented Introduction This article reviews two recent judgments. The first deals with unlimited state guarantees that were implicitly granted to the French