Europäisches Beihilfenrecht Blog

State Aid Uncovered Blog

In Lexxions Blog „State Aid Uncovered” veröffentlicht Prof. Phedon Nicolaides wöchentlich kritische Analysen zu den neuesten Urteilen und Entscheidungen zu staatlichen Beihilfen. Jeder Beitrag stellt die wichtigsten Punkte eines Gerichtsurteils oder einer EU-Kommissionsentscheidung vor, ordnet sie in den Kontext ähnlicher Rechtsprechung oder Praxis ein, bewertet die zugrundeliegende Argumentation und zeigt etwaige Ungereimtheiten oder Widersprüche auf.

In loser Folge werden auf diesem Blog auch Gastbeiträge von anderen Experten für staatliche Beihilfen veröffentlicht, welche die Inhalte der Blogbeiträge ergänzen.

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Professor at Maastricht University; Professor at University of Nicosia, and Academic Director at Lexxion Training

- loan ×

5. Juli 2022 | State Aid Uncovered von Phedon Nicolaides

Why Grant a Loan to an Undertaking in Difficulty?

State Aid Blogs - State Aid Uncovered SM posts 14

When a market operator invests in an undertaking in difficulty it also considers the possibility of restructuring, sale or closure. Introduction The answer to the question posed in the title of this article is “because the loan enables the undertaking to become viable again and repay the loan with interest”. It is now well established in the case law that […]

Keine Kommentare

14. Mai 2020 | Guest State Aid Blog von Wout De Cock

Belgium and COVID-19: The European Commission Approves Several Belgian State Aid Measures

corona virus

We are happy to share with you an update on the Covid-19 measures that have been approved in Belgium. Our guest auhor Wout De Cock is a PhD candidate at the Vrije Universiteit Brussel and part-time teaching assistant at the Katholieke Universiteit Leuven.* Introduction In issue 1/2020 of the European State Aid Law Quarterly, we concluded that the European Commission […]

Keine Kommentare

26. November 2019 | State Aid Uncovered von Phedon Nicolaides

How to Assess a Shareholder Loan

State Aid Blogs - StateAidHub blogpost49 shareholder loan MEOP

A shareholder loan cannot be simply compared to a bank loan because the shareholder also benefits from improvements in the future profitability of the borrower. Introduction When a public authority grants a loan to a company, the methodology in the 2008 Commission communication on reference and discount rates can be used to determine whether the loan contains State aid. However, […]

2 Kommentare

8. Mai 2018 | State Aid Uncovered von Phedon Nicolaides

Dealing with Problematic Banks

State Aid Blogs - StateAidHub blogpost14 StateAid Lexxion Money Eu Commission Bank Financial

The sale of a bank through a fair, open, competitive and transparent procedure that maximises the value of the assets and liabilities is free of State aid. Introduction This week’s article returns to the theme of State aid to banks and examines a case of “precautionary” recapitalisation and a case of sale of a bank, that was linked to […]

Keine Kommentare

29. November 2013 | State Aid Uncovered von Phedon Nicolaides

The Private Investor Principle Applied to Loans [Commission Decision 2013/528]

ship in the shipyard

Introduction The State aid issue in this case is relatively straightforward. Nauta, a Polish shipyard, received a two-year loan from IDA, the state-owned Polish Investment Agency. Because Nauta ran into some financial trouble, the loan was extended for another two years. In Decision 2013/528, the Commission had to examine two questions: First, did the initial loan market conform? Second, if […]

Keine Kommentare

16. März 2013 | State Aid Uncovered von Phedon Nicolaides

Loans, Guarantees and Credit Worthiness

contract signing

This post examines the two latest judgments of EU courts on State aid. They do not introduce any novel approaches to the interpretation of Article 107(1) TFEU but they confirm and clarify the obligations of the State in its dealings with undertakings. T-387/11, Nitrogenmuvek Vegyipari v European Commission On 27 February 2013, the General Court rendered its judgment in […]

Keine Kommentare

- loan ×

5. Juli 2022 | State Aid Uncovered von Phedon Nicolaides

Why Grant a Loan to an Undertaking in Difficulty?

State Aid Blogs - State Aid Uncovered SM posts 14

When a market operator invests in an undertaking in difficulty it also considers the possibility of restructuring, sale or closure. Introduction The answer to the question posed in the title of this article is “because the loan enables the undertaking to become viable again and repay the loan with interest”. It is now well established in the case law that […]

Keine Kommentare

14. Mai 2020 | Guest State Aid Blog von Wout De Cock

Belgium and COVID-19: The European Commission Approves Several Belgian State Aid Measures

corona virus

We are happy to share with you an update on the Covid-19 measures that have been approved in Belgium. Our guest auhor Wout De Cock is a PhD candidate at the Vrije Universiteit Brussel and part-time teaching assistant at the Katholieke Universiteit Leuven.* Introduction In issue 1/2020 of the European State Aid Law Quarterly, we concluded that the European Commission […]

Keine Kommentare

26. November 2019 | State Aid Uncovered von Phedon Nicolaides

How to Assess a Shareholder Loan

State Aid Blogs - StateAidHub blogpost49 shareholder loan MEOP

A shareholder loan cannot be simply compared to a bank loan because the shareholder also benefits from improvements in the future profitability of the borrower. Introduction When a public authority grants a loan to a company, the methodology in the 2008 Commission communication on reference and discount rates can be used to determine whether the loan contains State aid. However, […]

2 Kommentare

8. Mai 2018 | State Aid Uncovered von Phedon Nicolaides

Dealing with Problematic Banks

State Aid Blogs - StateAidHub blogpost14 StateAid Lexxion Money Eu Commission Bank Financial

The sale of a bank through a fair, open, competitive and transparent procedure that maximises the value of the assets and liabilities is free of State aid. Introduction This week’s article returns to the theme of State aid to banks and examines a case of “precautionary” recapitalisation and a case of sale of a bank, that was linked to […]

Keine Kommentare

29. November 2013 | State Aid Uncovered von Phedon Nicolaides

The Private Investor Principle Applied to Loans [Commission Decision 2013/528]

ship in the shipyard

Introduction The State aid issue in this case is relatively straightforward. Nauta, a Polish shipyard, received a two-year loan from IDA, the state-owned Polish Investment Agency. Because Nauta ran into some financial trouble, the loan was extended for another two years. In Decision 2013/528, the Commission had to examine two questions: First, did the initial loan market conform? Second, if […]

Keine Kommentare

16. März 2013 | State Aid Uncovered von Phedon Nicolaides

Loans, Guarantees and Credit Worthiness

contract signing

This post examines the two latest judgments of EU courts on State aid. They do not introduce any novel approaches to the interpretation of Article 107(1) TFEU but they confirm and clarify the obligations of the State in its dealings with undertakings. T-387/11, Nitrogenmuvek Vegyipari v European Commission On 27 February 2013, the General Court rendered its judgment in […]

Keine Kommentare

- loan ×

5. Juli 2022 | State Aid Uncovered von Phedon Nicolaides

Why Grant a Loan to an Undertaking in Difficulty?

State Aid Blogs - State Aid Uncovered SM posts 14

When a market operator invests in an undertaking in difficulty it also considers the possibility of restructuring, sale or closure. Introduction The answer to the question posed in the title of this article is “because the loan enables the undertaking to become viable again and repay the loan with interest”. It is now well established in the case law that […]

Keine Kommentare

14. Mai 2020 | Guest State Aid Blog von Wout De Cock

Belgium and COVID-19: The European Commission Approves Several Belgian State Aid Measures

corona virus

We are happy to share with you an update on the Covid-19 measures that have been approved in Belgium. Our guest auhor Wout De Cock is a PhD candidate at the Vrije Universiteit Brussel and part-time teaching assistant at the Katholieke Universiteit Leuven.* Introduction In issue 1/2020 of the European State Aid Law Quarterly, we concluded that the European Commission […]

Keine Kommentare

26. November 2019 | State Aid Uncovered von Phedon Nicolaides

How to Assess a Shareholder Loan

State Aid Blogs - StateAidHub blogpost49 shareholder loan MEOP

A shareholder loan cannot be simply compared to a bank loan because the shareholder also benefits from improvements in the future profitability of the borrower. Introduction When a public authority grants a loan to a company, the methodology in the 2008 Commission communication on reference and discount rates can be used to determine whether the loan contains State aid. However, […]

2 Kommentare

8. Mai 2018 | State Aid Uncovered von Phedon Nicolaides

Dealing with Problematic Banks

State Aid Blogs - StateAidHub blogpost14 StateAid Lexxion Money Eu Commission Bank Financial

The sale of a bank through a fair, open, competitive and transparent procedure that maximises the value of the assets and liabilities is free of State aid. Introduction This week’s article returns to the theme of State aid to banks and examines a case of “precautionary” recapitalisation and a case of sale of a bank, that was linked to […]

Keine Kommentare

29. November 2013 | State Aid Uncovered von Phedon Nicolaides

The Private Investor Principle Applied to Loans [Commission Decision 2013/528]

ship in the shipyard

Introduction The State aid issue in this case is relatively straightforward. Nauta, a Polish shipyard, received a two-year loan from IDA, the state-owned Polish Investment Agency. Because Nauta ran into some financial trouble, the loan was extended for another two years. In Decision 2013/528, the Commission had to examine two questions: First, did the initial loan market conform? Second, if […]

Keine Kommentare

16. März 2013 | State Aid Uncovered von Phedon Nicolaides

Loans, Guarantees and Credit Worthiness

contract signing

This post examines the two latest judgments of EU courts on State aid. They do not introduce any novel approaches to the interpretation of Article 107(1) TFEU but they confirm and clarify the obligations of the State in its dealings with undertakings. T-387/11, Nitrogenmuvek Vegyipari v European Commission On 27 February 2013, the General Court rendered its judgment in […]

Keine Kommentare

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