On 20 September 2016, the European Commission fined Altstoff Recycling Austria (“ARA”) under Article 102 TFEU for abusing its dominant position in the Austrian waste management...28 September 2016
EU State aid rules: Tax measures can and must be assessed under the market investor principle
On June 5, 2012, the EU Court of Justice ruled that tax measures may avoid the qualification of State aid if the State acts as a private investor, i.e. if the State's decision is based on economic evaluations comparable to those which, in the circumstances, a rational private investor in a situation as close as possible to that of the Member State would have had carried out.
This complex case can be summarized in one –apparently– simple question: can the Commission refuse to apply the "Market Economy Investor Principle" to a State measure involving tax prerogatives, because such measures are by nature not available to private investors? The Court answers in the negative and casts a new light on the application of the Market Economy Investor Principle to tax measures.
Michel Debroux in our Paris office represents EDF in this complex and lengthy case worth over EUR 1.3 billion and secured a high-profile victory in front the of the Court's Grand Chamber and against the Advocate General's opinion, which is rare.
The Court ruling is available at http://curia.europa.eu (case C-124/10 P).
Liability for anti-competitive behaviour by your employees and outside contractors: when you are off the hook and when you are not
In its recent VM Remonts judgment, the...02 August 2016