On 11 May 2012, the Commission announced that it has approved a 2009 restructuring plan for ING, following a General Court judgment which had partially annulled the Commission’s previous clearance decision. Therefore, the Commission has essentially confirmed its earlier decision and has decided to appeal the General Court judgment. It has also opened an in-depth State aid investigation into the subsequent amendments to the restructuring plan made by the Dutch State and ING. The Commission believes that the complexity of the issues justifies an in-depth analysis. Third parties are invited to comment by 11 June 2012. Separately, the Commission will also conduct an in-depth investigation into a complaint about ING Direct’s pricing policy in Italy. Read more.
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European Commission approves decision on restructuring aid to ING
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Senior Patent Counsel
Royal DSM NV