The EU General Court emphasizes the necessity of ex ante assessment on future profitability in a case of State aid to the Belgian steel sector (Duferco)

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.

Ex ante Assessment of Future Profitability is Absolutely Necessary A private investor assesses the prospects of future profitability before it invests. The burden of proof lies with the Member State that claims it has acted as a private investor. Introduction The market economy investor principle is based on a simple premise: before you commit your money you need to check how much you are likely to get back. The necessity of ex ante assessment was stressed in the judgment of the General Court of 18 September 2018 in case T-93/17, Duferco v European Commission. Duferco requested the annulment of Commission decision 2016/2041 on State aid that Belgium had granted to Duferco. Duferco produces steel and it’s most active in Belgium and Italy. Some ten years ago Duferco experienced

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Phedon Nicolaides, The EU General Court emphasizes the necessity of ex ante assessment on future profitability in a case of State aid to the Belgian steel sector (Duferco), 18 septembre 2018, Bulletin e-Competitions September 2018, Art. N° 88397

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