The EU General Court overturns a Commission decision finding Slovakian aid incompatible, holding that the Commission must consider the private investor test even where it has not been raised by the member state (Frucona Košice)
* Article published on StateAidHub: http://stateaidhub.eu, republished in e-Competitions with the courtesy of the author. The original title of this article appears below the e-Competitions title. Authors are welcome to write an alternative article on this case/text, provided they have no relationships with a party or related third party. Article will need e-Competitions Board approval before publication.
The Private Creditor Test: All Options Must be Taken into Account*
A private investor always takes into account all available information before it makes any investment. Similarly, a private creditor takes into account all available options for recovering the largest possible amount of the money that is due. Such options may include different legal procedures. In assessing alternative options, a private creditor considers not only the amount that may be recovered, but also the complexity and duration of each possible procedure.
Introduction
On 16 March 2016, the General Court delivered a judgment in the latest, but not the last, episode in a 12-year saga. Its judgment in case T‑103/14, Frucona Košice v Commission annulled Commission decision 2014/342 and will certainly keep the
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