La verità, vi prego, sul criterio del creditore privato: Commissione c. FIH Holding e FIH Erhvervsbank

Abstract

(Series Information) European Papers - A Journal on Law and Integration, 2019 4(1), 365-376 | European Forum Insight of 25 March 2019 | (Table of Contents) I. Introduzione: l'art. 107, par. 3, lett. b), TFUE e la crisi finanziaria del 2008. - II. Dal salvataggio di FIH Erhvervsbank alla sentenza della Corte di giustizia. - III. Alcuni precedenti relativi al salvataggio di imprese e banche in difficoltà. - IV. La soluzione proposta dall'AG Szpunar e un'altra strada verso la medesima risposta. - V. Conclusioni. | (Abstract) In Commission v. FIH Holding and FIH Erhvervsbank (judgement of 6 March 2018, case C-579/16 P), the Court of Justice dealt with the case of a bank, beneficiary of an aid scheme, that had already been granted a number of benefits, which were approved by the European Commission as aid schemes compatible with the internal market. The Court held that when applying the private creditor test, the risks related to previously granted aid schemes should not be taken into consideration during the assessment of a new measure. The purpose of this Insight is to clarify the limits of the private creditor test in a bank-bail-out scenario and provide further elements that confirm the Court's reasoning.

Keywords

• state aid
• market economy operator principle
• private investor test
• private creditor test
• financial crisis
• bank bail out