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Case T-386/14: Judgment of the General Court of 15 September 2016 — FIH Holding and FIH Erhvervsbank v Commission (State aid — Banking sector — Aid granted to Danish bank FIH in the form of a transfer of its impaired assets to a new subsidiary and the subsequent purchase thereof by the Danish Financial Stability Company — State aid for banks during the crisis — Decision declaring the aid compatible with the internal market — Definition of aid — Private investor test — Private creditor test — Calculation of the amount of the aid — Obligation to state reasons)
ECLI:EU:UNKNOWN:62014TA0386
62014TA0386
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Valentina R., lawyer
31.10.2016
Official Journal of the European Union
C 402/37
(Case T-386/14) (<span class="super note-tag">1</span>)
((State aid - Banking sector - Aid granted to Danish bank FIH in the form of a transfer of its impaired assets to a new subsidiary and the subsequent purchase thereof by the Danish Financial Stability Company - State aid for banks during the crisis - Decision declaring the aid compatible with the internal market - Definition of aid - Private investor test - Private creditor test - Calculation of the amount of the aid - Obligation to state reasons))
(2016/C 402/40)
Language of the case: English
Parties
Applicants: FIH Holding A/S (Copenhagen, Denmark), FIH Erhvervsbank A/S (Copenhagen) (represented by: O. Koktvedgaard, lawyer)
Defendant: European Commission (represented by: L. Flynn and P.-J. Loewenthal, acting as Agents)
Re:
Action on the basis of Article 263 TFEU for annulment of Commission Decision 2014/884/EU of 11 March 2014 on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC (OJ 2014 L 357, p. 89).
Operative part of the judgment
The Court:
1.Annuls Commission Decision 2014/884/EU of 11 March 2014 on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC.
2.Orders the European Commission to pay the costs.
(<span class="note">1</span>) OJ C 253, 4.8.2014.