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1. September 2020 | State Aid Uncovered von Phedon Nicolaides

Pari Passu Investments

Update on Temporary Framework: Number of approved and published covid-19 measures, as of 28 August 2020: 270* Legal basis: Article 107(2)(b): 28; Article 107(3)(b): 228; Article 107(3)(c): 21 Four Member States have implemented 15 or more covid-19 measures each: Belgium, Czech Republic, Denmark, Italy & Poland. – Average number of measures per Member State: 9.6 – Median number of measures […]

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3. Juli 2018 | State Aid Uncovered von Phedon Nicolaides

Revision of the GBER

Block exemption of new financial instruments. Introduction The Commission has recently published a proposal for amendment of Council Regulation 2015/1588[1] which authorises the Commission to adopt block exemption regulations. The purpose of the Commission’s proposal is to expand Article 1 of Regulation 2015/1588. This Article lists the categories of aid that may be declared compatible with the internal market.The […]

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14. Juli 2015 | State Aid Uncovered von Phedon Nicolaides

Using Loans to Grant De Minimis Aid and GBER Compatible Aid

State Aid Blogs - StateAidHub blogpost23

De minimis aid underpins “off-the-shelf” financial instruments which leverage private investment and at the same time ensure that all aid is passed on to the final beneficiary. Introduction One of the most convenient aid instruments is de minimis aid. It can be used for any purpose [apart from promotion of exports or on condition that domestic products are favoured] […]

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14. Februar 2014 | State Aid Uncovered von Phedon Nicolaides

An Assessment of the State Aid Consistency of Financial Instruments Supported by Structural and Investment Funds (Regulation 1303/2013)

Introduction Last week I reviewed the new State aid guidelines on risk finance. This week I will examine the provisions on financial instruments in the new structural and investment funds regulation. The regulation was published in the Official Journal just before Christmas. Both sets of rules have been updated on the basis of similar principles. The primary aim of both […]

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