EN

Official Journal of the European Union

C 247/24

(Case T-277/20)

(2020/C 247/34)

Language of the case: Dutch

Parties

Applicant: MKB Multifunds BV (Zierikzee, Netherlands) (represented by: J. van de Hel en R. Rampersad, lawyers)

Defendant: European Commission

Form of order sought

The applicant claims that the Court should:

—annul the decision of the Commission of 27 February 2020 concerning State aid SA.55704 (2019/FC) — The Netherlands — Alleged aid related to the Dutch Venture Initiative (‘DVI’);

—order the Commission to reopen its investigation;

—order the Commission to pay the costs.

Pleas in law and main arguments

In support of its action, the applicant puts forward three pleas in law.

1.First plea: the Commission erred in determining that the investments of DVI, a fund-of-funds structure, in private equity funds were market conform.

2.Second plea: the Commission erred in determining that the overall fee structure of the European Investment Fund (EIF) was in line with the fee structure of a comparable market operator of fund-of-funds.

3.Third plea: the Commission erred in determining that the investment by the Netherlands Government in DVI’s fund-of-funds structure was market conform.