The EU Court of Justice holds that unlimited State guarantees create a presumption of the existence of an advantage (IFP Energies nouvelles)
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Unlimited State Guarantees
Unlimited state guarantees create a presumption that the recipient of the guarantee obtains an advantage in the form of cheaper credit. Any advantage in the form of lower risk in transactions with suppliers or clients has to be proven.
Introduction
State guarantees must be limited in time and amount and may cover only a specified event. Unlimited and general guarantees that cover an entity rather than event are not compatible with the internal market.
On 19 September 2018, the Court of Justice returned to the issue of unlimited guarantees in case C438/16 P, European Commission v France and IFP Énergies nouvelles (IFPEN). The Commission had brought an appeal against the judgment of the General Court in cases T479/11 and T157/12, France and IFPEN v
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