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Judgment of the Court (Fifth Chamber) of 24 November 2011. # Italian Republic v European Commission. # Appeal - Aide granted by the Italian authorities in favour of newly listed companies - Legislation granting fiscal advantages. # Case C-458/09 P.
ECLI:EU:C:2011:769
62009CJ0458
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(Case C-458/09 P)
Appeal – Aid granted by the Italian authorities in favour of newly listed companies – Legislation granting fiscal advantages
3. State aid – Definition – Selective nature of the measure – Selectivity of a tax relief measure applicable to companies newly listed on the stock exchange arising from its short duration (Art. 87(1) EC) (see paras 56, 60)
Re:
Appeal against the judgment of the Court of First Instance (Third Chamber) of 4 September 2009 in Case T-211/05 Italy v Commission, by which that court dismissed the application for annulment of Commission Decision 2006/261/EC of 16 March 2005 on aid scheme C 8/2004 (ex NN 164/2003) implemented by Italy in favour of newly listed companies (OJ 2006 L 94, p. 42).
Operative part
The Court:
3. Orders the Republic of Finland to bear its own costs.