26.2.2005
News

Restructuring and rescue aid guidelines

Communication from the Commission — Community guidelines on State aid for rescuing and restructuring firms in difficulty (Official Journal of the European Union C 244 of 1 October 2004)

The new guidelines on the Community rules on rescue and restructuring aid replaced on 9 December 2004 the previous guidelines on the subject.

The new guidelines aim at a further limitation of state aid granted in the Member States. They provide, for instance, for more restrictive conditions regarding the required contribution from the beneficiary and further reinforcement of the one time, last time principle.

On the other hand, the new guidelines allow Member States to grant both restructuring aid and rescue aid to enterprises, which usually did not appear available in the previous guidelines.

The new guidelines will apply until 9 October 2009. Notifications of state aid measures filed with the Commission prior to 10 October 2004 will, however, still be governed by the previous guidelines.

Other articles

17.1.2025
News

Historický úspěch po dvaceti letech. Potvrzeno nezákonné rozhodnutí státu.

Tým ve složení Tomáš Sequens a Petra Mirovská dosáhl po dlouhých dvaceti letech právních bojů významného vítězství ve složitém sporu o náhradu škody vůči státu za nezákonné rozhodnutí a nesprávný úřední postup Ministerstva životního prostředí v licenčním řízení vedeném v roce 2005.
16.1.2025
News

End to 2024 for our transactional banking team

December was packed with financial transactions, and with a slight delay, we’re excited to share just a few highlights of the deals Kocián Šolc Balaštík advised on.
13.1.2025
News

KSB advises aircraft lessors on the restructuring of Czech Airlines and Smartwings

In relation to the end of Czech Airlines’ operations, a unique restructuring and consolidation of Smartwings took place by transferring a significant part of CSA’s enterprise to Smartwings.