Search results

Order by most recent / most popular / relevance

Results: 1-10 of 12

Commission approves state rescue of Dexia Bank Belgium

Nabarro LLP
-
Belgium, European Union
-
November 10 2011

The Commission has granted temporary state aid approval for restructuring plans relating to the Belgian Government’s decision to nationalise its second largest bank, Dexia Bank Belgium

Investigation into WestLB’s impaired asset and restructuring plan extended

Nabarro LLP
-
European Union, Germany
-
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
-
European Union, Germany
-
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

Collapsed bank ordered to repay aid after failure to produce restructuring plan

Nabarro LLP
-
European Union, Portugal
-
August 9 2010

A Portuguese bank (BPP) has been ordered to repay illegal aid comprising of a State guarantee on a 450m loan

Commission’s services consider phasing out bank guarantees to reflect current conditions

Nabarro LLP
-
European Union
-
May 24 2010

On 18 May 2010, the European Commission published a staff working paper (the Working Paper) on the phasing out of bank guarantees after 30 June 2010

Association of German banks loses state aid appeals

Nabarro LLP
-
European Union, Germany
-
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

Bradford & Bingley’s liquidation plans authorised

Nabarro LLP
-
European Union, United Kingdom
-
January 28 2010

UK Government plans for an orderly winding down of Bradford & Bingley gained European Commission approval on 25 January 2010

Urgent rescue aid for WestLB temporarily approved while investigation launched

Nabarro LLP
-
European Union, Germany
-
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

Bank recapitalisation does not constitute aid

Nabarro LLP
-
Austria, European Union
-
August 6 2009

An encouraging example that banks may be able to raise funds from private investors without needing State aid has been provided in relation to Austrian regional bank Landes-Hypothekenbank Steiermark Aktiengesellschaft (‘Hypo Steiermark’

German asset relief scheme approved

Nabarro LLP
-
European Union, Germany
-
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