FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: Herlitz PBS AG expressed its support for a thorough examination of the facts underlying the allegation of unlawful State aid. It informed the Commission that it had provided all the relevant documents to the German authorities.
Italian: La Herlitz PBS AG si era dichiarata a favore di un esame approfondito dei fatti che erano alla base della pretesa concessione di aiuti illegali e aveva informato la Commissione di aver fornito alle autorità tedesche tutti i documenti pertinenti.
Portuguese: A Herlitz PBS AG mostrou-se favorável a um exame aprofundado das circunstâncias que rodearam a presumível concessão de auxílios ilegais, tendo comunicado à Comissão que tinha entregue às autoridades todos os documentos pertinentes.
English: With respect to the waivers in the insolvency proceedings, Herlitz PBS AG stated that the public creditors had acted in a comparable manner to private ones, furthermore the waived claims were worthless. Herlitz PBS AG stressed that all creditors had voted unanimously to adopt the insolvency plans.
Italian: Riguardo alla rinuncia ai crediti nell’ambito dei piani operativi per stato d’insolvenza, la Herlitz PBS AG faceva notare che i creditori pubblici si erano comportati come creditori privati e che i loro crediti avevano perduto tutto il loro valore, e insisteva sul fatto che i creditori avevano approvato all’unanimità i suddetti piani operativi.
English: With respect to the rescue aid loan, Germany pointed out that the decision to grant the loan on 10 May 2002 preceded the final adoption of the insolvency plan on 15 June 2002. The fact that the loan was only paid out on 24 July 2002 was due to certain ‘unresolved questions’ which could not be settled with ILB before 24 July 2002.
Italian: La Germania fece notare che la decisione di accordare il prestito di salvataggio era stata adottata il 10 maggio 2002, quindi prima della data di adozione, il 15 giugno 2002, del piano operativo per stato d’insolvenza.
English: Germany stated that the beneficiary of the rescue aid loan was not FOP but Herlitz PBS AG. Firstly, the credit agreement of 10 May 2002 was concluded between the insolvency administrator and Herlitz PBS AG. Secondly, Germany pointed out that FOP could not be regarded as the de facto beneficiary either because FOP only received due payments in accordance with its supply contract with Herlitz PBS AG.
Italian: Secondo la Germania, la beneficiaria del prestito di salvataggio era non la FOP, ma la Herlitz PBS AG: anzitutto, l’accordo di credito del 10 maggio 2002 era stato concluso tra il curatore dell’insolvenza e la Herlitz PBS AG; inoltre, la FOP non poteva essere considerata la beneficiaria neanche di fatto, poiché essa aveva ricevuto soltanto i pagamenti che le erano dovuti in base al suo contratto di fornitura con la Herlitz PBS AG.
English: According to Germany, the assets of Herlitz AG and Herlitz PBS AG were only sufficient to cover the claims of creditors with a right to separate satisfaction. The public creditors outside this group had no securities or only a lower-ranking land charge.
Italian: I beni patrimoniali della Herlitz AG e della Herlitz PBS AG sarebbero bastati soltanto a rimborsare i creditori aventi diritto a trattamento distinto: i creditori pubblici non compresi in tale gruppo non avevano nessuna garanzia oppure potevano far valere semplicemente un’ipoteca di grado posteriore.
English: Germany submitted that the analysis of public creditors’ waivers had to be carried out in accordance with the private creditor principle as laid down in the HAMSA judgment. According to this principle, each public creditor had to be compared with private creditors in a similar situation, or with a hypothetical private creditor.
Italian: La Germania riteneva che la rinuncia dei creditori pubblici fosse da valutare in base al criterio del creditore privato, quale era enunciato nella sentenza HAMSA, ossia il creditore pubblico doveva essere comparato con il creditore privato che si trovava nella medesima situazione o con un ipotetico creditore privato.
English: Such a change did not take place because the land and the buildings on it were used for the same purpose as before. The Herlitz Group now simply leases the same buildings which it used to own previously.
Italian: Infatti il terreno, con gli immobili ivi edificati, continua ad essere utilizzato per il medesimo scopo: l’unico cambiamento consiste nel fatto che gli immobili prima appartenevano al gruppo Herlitz, il quale ora ne è invece il locatario.
English: If the argument of Germany were taken further, private creditors should be required to waive more than public ones, because the waivers are deductible from their tax base. Furthermore, Germany does not explain why in other creditor groups, public creditors of the same type were granted a quota for similar claims and not in HAG 3 and PBS 3.
Italian: Sviluppando secondo la logica l’argomentazione della Germania, i creditori privati dovrebbero rinunciare ai loro crediti in misura maggiore rispetto ai creditori pubblici, poiché gli importi dei crediti ai quali rinunciano vengono detratti dall’accertamento del loro reddito ai fini fiscali.
English: The Herlitz Group appears and acts on the market as a single firm. For example Herlitz AG concluded the agreement on the emphyteusis with the Land of Berlin for the site in Berlin-Tegel, though the ground rent claim was registered and waived in the insolvency proceedings of Herlitz PBS AG only.
Italian: Il gruppo Herlitz operava sul mercato come un’unica impresa: per esempio, concluse con il Land Berlino il contratto di enfiteusi riguardante il terreno a Berlino-Tegel, ma nella procedura d’insolvenza i crediti costituiti dai canoni di enfiteusi furono fatti valere, con successiva rinuncia, nei confronti della Herlitz PBS AG.
English: It is not a commercial bank under the German Commercial Code and profit making is not the main purpose of its operations. It acts as the development and structural bank of the Land of Brandenburg and is closely supervised by the Land.
Italian: Non si tratta di una banca commerciale secondo il Codice tedesco del commercio: lo scopo principale delle sue attività non è realizzare profitti, ma sviluppare le strutture economiche del Land Brandeburgo.
English: The Commission can take account of the fact that the Herlitz Group is a large employer in the assisted areas of Berlin and Brandenburg. An immediate, disorderly insolvency would have led to serious social difficulties.
Italian: Nel caso in oggetto, la Commissione può tener conto del fatto che il gruppo Herlitz è un importante datore di lavoro nelle regioni assistite Berlino e Brandeburgo: quindi, uno stato d’insolvenza immediato e non regolato avrebbe portato a gravi difficoltà di carattere sociale.
English: Fourthly, the aid has to be restricted to the amount needed to keep a firm in business. The Commission finds that this condition is fulfilled.
Italian: In quarto luogo, l’aiuto deve essere limitato all’importo necessario per consentire all’impresa di proseguire le sue attività.
English: As a result, in the financial year 2003 the group had an operating profit before interest and financing payments of EUR 7,2 million and a total turnover of EUR 346,6 million. On the basis of these figures for 2003 the operating margin disregarding interest and financing payments (Umsatzrendite vor Finanzierungsaufwendungen) is 2 %, which corresponds to the average in the sector. The operating cash flow before interest and financing costs for 2003 is approximately EUR 14 million.
Italian: Nell’esercizio 2003 il gruppo realizzò utili dell’importo di 7,2 milioni di EUR, al lordo degli interessi e dei versamenti di finanziamento, su un fatturato totale di 346,6 milioni di EUR. Nel medesimo esercizio 2003, il rapporto tra utili e fatturato, al lordo degli oneri finanziari, è stato del 2 %, il che corrisponde alla media del settore, mentre il cash flow, sempre al lordo degli oneri finanziari, è stato di circa 14 milioni di EUR.
English: The majority of the restructuring costs were undertaken by the firm and its creditors. The shareholders of the group have contributed by not taking any dividends since 1997. The positive cash-flows were reinvested in the group.
Italian: I costi della ristrutturazione sono stati sostenuti in massima parte dal gruppo e dai suoi creditori, mentre il contributo degli azionisti è consistito nel non ricevere nessun dividendo dal 1997: ogni cash flow positivo veniva reinvestito nel gruppo.
English: Further investments in western Europe such as the distribution businesses in Portugal, France and Austria were unsuccessful and resulted in losses of some EUR 10 to 15 million. The total loss from all the failed investments thus amounts to about EUR 175 to 180 million. It is worth noting that throughout this period the core business of the Herlitz Group was still producing positive results, although not enough to cover the losses from the other investments.
Lithuanian: Investicijos į prekybos verslą Portugalijoje, Prancūzijoje ir Austrijoje taip pat buvo nesėkmingos ir atnešė nuostolių, kurių suma buvo nuo 10 mln. iki 15 mln. EUR. Taigi bendra nepasiteisinusių investicijų suma buvo nuo 175 mln. iki 180 mln. EUR. Reikia pabrėžti, kad tuo pačiu laikotarpiu pagrindinis Herlitz grupės verslas buvo sėkmingas, tačiau jo nepakako padengti nesėkmingų investicijų nuostoliams.
English: Germany has provided two parallel insolvency plans: one for Herlitz PBS AG and another for Herlitz AG, both dated 15 July 2002. These insolvency plans are the restructuring or rather the recapitalisation plans (Sanierungspläne) of the Herlitz Group.
Lithuanian: Vokietija pristatė dvi taikos sutartis: vieną, skirtą Herlitz PBS AG ir kitą, parengtą Herlitz AG; abi sutartys datuotos 2002 m. liepos 15 d. Šios taikos sutartys yra Herlitz grupės sanavimo (rekapitalizacijos) planai.
English: Germany submitted that in the insolvency proceedings of Herlitz AG and Herlitz PBS AG all insolvency costs (Massekosten) and debts of the insolvency assets (Masseverbindlichkeiten) were paid in full. A part of these claims were public sales tax claims (Umsatzsteuer).
Lithuanian: Vokietija pranešė, kad procedūroje prieš Herlitz AG ir Herlitz PBS AG visos nemokumo procedūros teismo ir administravimo išlaidos (Massekosten) ir nemokumo procedūros skolos, t. y., išlaidos, susidariusios po nemokumo procedūros paskelbimo (Masseverbindlichkeiten), buvo visiškai išmokėtos.
English: The creditors of group PBS 5 received 10 % of their claims by 31 December 2003. Tables 2 and 3 above show the amounts of the public claims and the respective waivers.
Polish: Wierzyciele z grupy PBS 5 otrzymali 10 % swoich wierzytelności do dnia 31 grudnia 2003 r. W tabelach 2 i 3 zostały przedstawione kwoty publicznych wierzytelności i odpowiednie kwoty umorzone.
Lithuanian: 10 % PBS 5 grupės kreditorių reikalavimų buvo patenkinta iki 2003 m. gruodžio 31 d. Lentelėse Nr. 2 ir Nr. 3 pateikiamos valstybinių kreditorių reikalavimų ir atitinkamai atsisakytų reikalavimų sumos.
English: The fact that the loan was only paid out on 24 July 2002 was due to certain ‘unresolved questions’ which could not be settled with ILB before 24 July 2002. For the period between the contract and the disbursement, the liquidity loan ensured the liquidity of Herlitz PBS AG. However, the liquidity loan was not sufficient to cover the increased liquidity needs in August 2003, which arose because of the start of the school term.
Lithuanian: 2002 m. birželio 15 d. Tai, jog paskola buvo išmokėta tik 2002 m. liepos 24 d. paaiškinama „atvirais klausimais“, kurie su ILB buvo išspręsti tik 2002 m. liepos 24 d. Nors ši paskola laikotarpiui tarp sutarties pasirašymo ir išmokėjimo suteikė Herlitz PBS AG reikalingą likvidumą, tačiau ji buvo nepakankama padengti su mokslo metų pradžia susijusius padidėjusius likvidumo poreikius 2003 m. rugpjūtį.
English: The Herlitz Group can be considered a firm in difficulty in accordance with point (5)(a) of the Guidelines because it is a limited company more than half of whose registered capital disappeared during the 12-month period from 31 December 2000 to 31 December 2001. The amount of the group’s registered capital is set out in the following table:
Polish: Grupę Herlitz można uznać za przedsiębiorstwo znajdujące się w trudnej sytuacji zgodnie z pkt 5 lit. a) wytycznych, ponieważ chodzi o spółkę akcyjną, w której ponad połowa jej subskrybowanego kapitału została utracona w okresie dwunastu miesięcy, od 31 grudnia 2000 r. do 31 grudnia 2001 r. Wartość subskrybowanego kapitału grupy została przedstawiona w poniższej tabeli:
Lithuanian: Sutinkamai su Gairių 5 punkto a papunkčiu, Herlitz grupė gali būti vertinama kaip sunkumus patirianti įmonė, kadangi tai akcinė bendrovė, kurios daugiau kaip pusė užregistruoto kapitalo ištirpo per 12 mėnesių laikotarpį nuo 2000 m. gruodžio 31 d. iki 2001 m. gruodžio 31 d. Grupės užregistruoto kapitalo dydis pateikiamas šioje lentelėje:
English: The shareholders of the group have contributed by not taking any dividends since 1997. The positive cash-flows were reinvested in the group.
Lithuanian: Akcininkai atsisakė dividendų nuo 1997 m. Teigiami grynųjų pinigų srautai buvo reinvestuojami į grupės veiklą.
English: This loan covered the seasonal liquidity needs of the group and may be granted again in June 2004. Apart from this fresh loan, the banks have also prolonged the duration of their existing and non-waived credits for another year in March 2004.
Polish: Pożyczka ta pokryła sezonowe zapotrzebowanie grupy na środki finansowe i mogła zostać ponownie przyznana w czerwcu 2004 r. Obok nowej pożyczki banki prolongowały również istniejące kredyty na kolejny rok, do marca 2004 r.
Lithuanian: Paskola buvo reikalinga sezoniniams grupės likvidumo poreikiams ir galėtų būti vėl suteikta 2004 m. birželio mėn. Bankai taip pat dar metams pratęsė esamų kreditų grąžinimo laikotarpį iki 2004 m. kovo mėn.
English: BGBl.
Latvian: Federālo likumu izdevums Bundesgesetzblatt.
Lithuanian: Žr. BGBl.
English: The total loss from all the failed investments thus amounts to about EUR 175 to 180 million. It is worth noting that throughout this period the core business of the Herlitz Group was still producing positive results, although not enough to cover the losses from the other investments.
Latvian: Līdz ar to visu neveiksmīgo investīciju rezultātā radītie kopējo zaudējumu summa bija tieši 175 līdz 180 milj. EUR. Jāuzsver, ka visā šajā laika posmā grupas Gruppe Herlitz galvenā darījumu joma nesa peļņu, tomēr ar šo summu nepietika, lai segtu neveiksmīgo ieguldījumu radītos zaudējumus.
English: Source: the Herlitz Group’s Annual Reports for the years 1999 and 2001 to 2002. (in EUR million)
Portuguese: Fonte: contas do grupo Herlitz relativas aos anos de 1999 e 2001-2002.
Latvian: Avots: Herlitz-Gruppe ziņojumi par 1999. un 2001.–2002. gadu.
English: The situation of the Mutual Insurance Association and the Employer’s Liability Insurance Association corresponds to the one envisaged in paragraph 58 of the judgment of the Court of Justice in Case C-379/98 (PreussenElektra) [21]. In the case of these associations, waivers were not granted directly by the State, but by a public or private body designated or established by the State.
Dutch: De pensioenverzekeringsinstelling en de beroepsvereniging voor werkgevers bevinden zich in een situatie zoals beschreven in punt 58 van het arrest van het Hof van Justitie van de Europese Gemeenschappen van 13 maart 2001 in zaak C-379/98 (PreussenElektra) [21], namelijk dat niet rechtstreeks door de staat van de schuldvorderingen van deze instellingen werd afgezien, doch door een publiek- of privaatrechtelijk lichaam dat hiertoe van overheidswege werd ingesteld of aangewezen.
English: Germany sent additional information by letters dated 10, 12 and 28 November 2003, 8 and 26 January, 23 March and 23 and 24 April 2004. A meeting was held on 27 January 2004 between the representatives of the Commission, the German Government, the Herlitz Group and the administrator in the insolvency proceedings.
Polish: Niemcy przekazały dodatkowe informacje w pismach z dnia 10, 12 i 28 listopada 2003 r. oraz 8 i 26 stycznia, 23 marca i 24 kwietnia 2004 r. Spotkanie przedstawicieli Komisji z przedstawicielami władz niemieckich, grupy Herlitz i z administratorem odbyło się w dniu 27 stycznia 2004 r.
English: The insolvency proceedings for Herlitz AG and Herlitz PBS AG were terminated on 16 September 2002 when the court approved the insolvency plans. Previously, on 15 July 2002, the insolvency plans for both Herlitz AG and Herlitz PBS AG had been approved unanimously and unconditionally by the creditors.
Polish: Postępowania upadłościowe Herlitz AG i Herlitz PBS AG zostały wstrzymane po przyjęciu przez sąd planów naprawczych w dniu 16 września 2002 r. W dniu 15 lipca 2002 r. wierzyciele jednomyślnie i bez zastrzeżeń wyrazili zgodę na plany naprawcze wobec Herlitz AG i Herlitz PBS.
English: Finally, with the agreement of the insolvency administrator, on 30 September 2002 HGG, the minority partner of GGB and GGF, was taken out of the Herlitz Group and the majority partnership rights of Herlitz PBS AG were turned into minority ownership shares of EUR 1 million in both GGB and GGF. Accordingly, under German law [7], the Herlitz Group is no longer the majority owner of these real estate companies.
Polish: Ostatecznie za zgodą syndyka masy upadłościowej w dniu 30 września 2002 r. spółka HGG, partner mniejszościowy GGB i GGF, została wydzielona z grupy Herlitz, a prawa większościowe Herlitz PBS AG zostały przekształcone w udziały mniejszościowe w spółkach GGB i GGF o wartości 1 mln EUR. Dzięki temu zgodnie z prawem niemieckim [7] grupa Herlitz nie jest już właścicielem większościowym spółek obrotu nieruchomościami.
English: The loan was twice prolonged (renewed) until 17 November 2003, when it was fully repaid. This loan covered the seasonal liquidity needs of the group and may be granted again in June 2004.
Polish: Pożyczka została dwukrotnie przedłużona i całkowicie spłacona w dniu 17 listopada 2003 r. Została ona przeznaczona na pokrycie sezonowego zapotrzebowania na środki finansowe w grupie i może zostać przyznana ponownie w czerwcu 2004 r.
English: With respect to the rescue aid loan, Germany pointed out that the decision to grant the loan on 10 May 2002 preceded the final adoption of the insolvency plan on 15 June 2002. The fact that the loan was only paid out on 24 July 2002 was due to certain ‘unresolved questions’ which could not be settled with ILB before 24 July 2002. For the period between the contract and the disbursement, the liquidity loan ensured the liquidity of Herlitz PBS AG.
Polish: Niemcy zwróciły uwagę na fakt, że decyzja o przyznaniu pożyczki na ratowanie przedsiębiorstwa z dnia 10 maja 2002 r. zapadła przed przyjęciem planów naprawczych w dniu 15 czerwca 2002 r. Fakt, że pożyczka została wypłacona dopiero dnia 24 lipca 2002 r. związany był z „nierozstrzygniętymi kwestiami”, które zostały wyjaśnione z bankiem ILB dopiero w dniu 24 lipca.
English: Table 4 Source: the Herlitz Group’s Annual Reports for the years 1999 and 2001 to 2002. (in EUR million) 31.12.1998
Polish: Tabela 4
English: The rescue aid loan was only used when the liquidity loan could no longer cover the increased liquidity needs due to routine supplies for the start of the school term in the autumn of 2002. Even after receiving the rescue aid loan, the liquidity level of Herlitz PBS AG remained low between August and December 2002.
Polish: Pożyczka na ratowanie przedsiębiorstwa została wykorzystana dopiero wtedy, gdy pomoc na wsparcie płynności finansowej nie wystarczyła na pokrycie zwiększonego zapotrzebowania na środki finansowe z powodu dostaw na początku roku szkolnego w jesieni 2002 r. Nawet po otrzymaniu pożyczki na ratowanie przedsiębiorstwa płynność finansowa Herlitz PBS AG była między sierpniem a grudniem 2002 r. na bardzo niskim poziomie.
English: By letter dated 25 March 2002 the Commission asked Germany to provide information on the possible aid to Herlitz AG. Germany replied by letter dated 17 April 2002, registered as received on 18 April 2002, denying such aid.
Portuguese: Por carta de 25 de Março de 2002, a Comissão solicitou à Alemanha informações sobre eventuais auxílios à Herlitz AG, a que a Alemanha respondeu por carta de 17 de Abril de 2002, registada em 18 de Abril, comunicando que não tinham sido concedidos auxílios.
English: The Commission’s Decision to initiate the formal investigation procedure was published in the Official Journal of the European Union [3]. The Commission called on interested parties to submit their comments.
Portuguese: A decisão da Comissão de dar início ao procedimento formal de investigação foi publicada no Jornal Oficial da União Europeia [3], tendo a Comissão convidado as partes interessadas a apresentarem as suas observações.
English: group PBS 1: a right to separate satisfaction secured the full claims of certain suppliers, group PBS 6: banks with right to separate satisfaction on part of their claims.
Portuguese: Grupo PBS 1: direito preferencial para o conjunto dos créditos de determinados fornecedores;