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Association of German banks loses state aid appeals
- Nabarro LLP
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- European Union, Germany
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- March 22 2010
The General Court has dismissed two appeals against commission decisions finding that the receipt of public assets by a German bank does not amount to State aid
Urgent rescue aid for WestLB temporarily approved while investigation launched
- Nabarro LLP
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- European Union, Germany
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- January 13 2010
WestLB AG, based in Germany's North Rhine-Westphalia region, is one of the largest regional savings and commercial banks in the country
German asset relief scheme approved
- Nabarro LLP
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- European Union, Germany
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- August 6 2009
As part of a larger scheme to rescue banks in difficulty, the German Government has developed an asset relief scheme which it notified to the European Commission (Commission) for approval under the State aid rules
Investigation into WestLB’s impaired asset and restructuring plan extended
- Nabarro LLP
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- European Union, Germany
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- November 16 2010
According to the European Commission, the German regional bank WestLB, has received an additional undeclared 3.4 bn of state aid during the process of transferring its toxic and impaired assets to a ‘bad bank’ and restructuring its viable operations
State aid issues considered as part of proposed merger between WestLB and BayernLB
- Nabarro LLP
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- European Union, Germany
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- October 11 2010
The European Commission has said that it will closely examine the State aid implications of the proposed merger between German banks, WestLB and BayernLB
Current Search
- Jurisdiction - Germany
- Jurisdiction - European Union
- Workarea - Trade & Customs
- Workarea - Banking
- Author - Rachel Bickler