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Results: 1-10 of 26

Court of Justice of the European Union rules on state aid given to Hellenic Shipyards

  • Roschier
  • -
  • European Union, Greece
  • -
  • March 6 2013

The Court of Justice of the European Union ("ECJ") dismissed an appeal brought by Hellenic Shipyards (Ellinika Nafpigia AE) against the judgment of

Greece ordered by Commission to recover state aid

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • January 31 2012

On 26 January 2012, the Commission decided that Greek loans granted to agricultural cooperatives in the cereal sector amounted to illegal state aid and ordered Greece to recover loan amounts

Commission approves state aid for National Bank of Greece

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • December 23 2011

On 22 December 2011, the Commission announced that it has approved the second recapitalisation of the National Bank of Greece

Greece needs to recover around 17 million from Aluminium of Greece

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • July 18 2011

On 13 July 2011 the Commission concluded that lower electricity tariffs granted in 2007- 2008 by the Greek state-owned Public Power Corporation to Aluminium of Greece conferred an undue advantage to the company, in breach of EU state aid rules

Commission opens in-depth inquiry into restructuring aid to Greek railway company

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • July 18 2011

On 13 July 2011 the Commission opened an in-depth investigation to verify whether six restructuring measures in favour of the Greek state-owned railway company TRAINOSE are in line with EU state aid rules

Commission prohibits aid to casinos but finds no aid given in the privatisation of Casino Mont Parnès

  • Nabarro LLP
  • -
  • European Union, Greece
  • -
  • May 31 2011

The Commission has concluded two investigations into Greek casinos begun in July 2010

Commission approves restructuring plan of Agricultural Bank of Greece

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • May 24 2011

On 23 May the Commission approved under EU State aid rules the restructuring plan of Agricultural Bank of Greece, judging it apt to restore the bank's long-term viability whilst ensuring it shares the burden of its restructuring and limits the distortions of competition

Sale of Cassandra mines at below real market value was illegal aid

  • Nabarro LLP
  • -
  • European Union, Greece
  • -
  • March 4 2011

The sale by the Greek State of the Cassandra mines in 2003 to the private company, Ellinikos Xrysos, at below market value, amounted to illegal state aid

European Commission finds that Greece has fulfilled conditions for second tranche of aid

  • Alston & Bird LLP
  • -
  • European Union, Greece
  • -
  • August 20 2010

Yesterday, the European Commission assessed measures taken by Greece to comply with budget reduction and austerity measures set out in an agreement reached in May among Greece, the International Monetary Fund (IMF), the Commission, and the European Central Bank (ECB) under which the parties agreed to a 110 billion ($145 billion) financing package in an attempt to remedy Greece's excessive debt situation

Euro area leaders express commitment to provide bilateral loans to Greece

  • Alston & Bird LLP
  • -
  • European Union, Greece
  • -
  • March 26 2010

Yesterday, the 16 leaders of the Euro area member states issued a joint statement "reaffirming their willingness to take determined and coordinated action, if needed, to safeguard financial stability in the euro area," and agreeing, as part of a package involving International Monetary Fund financing and "a majority of European financing," to "contribute coordinated bilateral loans" to Greece