by 21st Century Competition | May 27, 2014 | Global Blogs
According to Commissioner Almunia, the European Union will be faced with a transition period over the next few years before a fully functioning EU Banking Union enters into force. For this period, the Commission has adopted a new Banking Communication on the...
by 21st Century Competition | May 27, 2014 | Global Blogs
In its Judgment of May 30, 2013 in Doux Élevages and Coopérative agricole the Court of Justice of the European Union carried on with its line of case law in Pearle and Others by stressing that, according to Article 107(1) TFEU, State aid cannot exist if the economic...
by 21st Century Competition | May 27, 2014 | Global Blogs
Over the last few years many attempts have been made to modernize the European State aid rules, such as the ambitious “State Aid Action Plan” of Commissioner Kroes and the various ideas put forward by her predecessors Monti and Van Miert. While the impact...
by 21st Century Competition | May 27, 2014 | Global Blogs
State aid is a broad concept, covering advantages (anything over and above what a functioning market would bear) granted by any State entity to specific beneficiaries. Such aid requires prior Commission approval, otherwise it may have to be reimbursed. State aid rules...
by 21st Century Competition | May 27, 2014 | Global Blogs
Nevertheless, the SAM reforms mark a shift in approach. The new and revised regulations and guidelines seek to provide wider exemptions and focus on the most distortive aid. The focus has also shifted from ex-ante to ex-post control, with greater emphasis on more...
