FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: The Heads of Agreement stipulates that: ‘The Governance of JVCo will generally be structured and balanced to take into account each Party’s relative economic interest in JVCo and the fact that E needs initially to have a higher degree of control of JVCo as a result of the materiality of the operations of JVCo relative to E’s operations on a consolidated basis.
German: At the same time, the JVCo governance structure will include provisions that ensure that both E and Q have a shared voice in major actions of JVCo.“ [Die Führung von JVCo wird generell so strukturiert und aufgeteilt, dass den jeweiligen wirtschaftlichen Interessen der Partner am JVCo und der Tatsache Rechnung getragen wird, dass E infolge der entscheidenden Bedeutung der Geschäftstätigkeit von JVCo für die Geschäftstätigkeit von E auf konsolidierter Grundlage zunächst ein größeres Maß an Kontrolle über JVCo ausüben können muss.
English: As indicated in the MJVA1, prior to the date of this agreement, Q-Cells acquired Topas 107 V.V. GmbH, a shelf-company, which Q-Cells was to cause to become Sovello (at that time EverQ).
Greek: Σύμφωνα με την MJVA1, η Q-Cells είχε εξαγοράσει πριν από τη σύναψη της σύμβασης-πλαισίου την Topas 107 V.V.
Slovenian: V skladu s SSP1 je podjetje Q-Cells pred podpisom okvirne pogodbe o skupnem podjetju kupilo družbo Topas 107 V. V. GmbH, navidezno podjetje, ki se je na pobudo podjetja Q-Cells pozneje preimenovalo v Sovello (takrat še EverQ).
Romanian: După cum se arată în ACAP1, anterior datei acestui acord, Q-Cells a achiziționat Topas 107 V.V GmbH, o societate fictivă pe care Q-Cells urma să o fuzioneze cu Sovello (la acea dată EverQ).
Estonian: Vastavalt MJVA1-le omandas Q-Cells enne raamlepingu sõlmimist ettevõtte Topas 107 V.V GmbH, riiulifirma, millest sai Q-Cellsi taganttõukel hiljem Sovello (toona veel EverQ).
English: Before revoking a decision and taking a new decision, the Commission shall open the formal investigation procedure pursuant to Article 4(4). (…)’.
Portuguese: Antes de revogar uma decisão e de tomar uma nova decisão, a Comissão dará início ao procedimento formal de investigação nos termos do n.o 4 do artigo 4.o[…]».
Greek: Πριν ανακαλέσει μια απόφαση και λάβει νέα απόφαση, η Επιτροπή κινεί την επίσημη διαδικασία έρευνας δυνάμει του άρθρου 4 παράγραφος 4».
Slovak: Pred zrušením rozhodnutia a prijatím nového rozhodnutia Komisia otvorí konanie vo veci formálneho zisťovania podľa článku 4 ods. 4.“
Polish: Przed cofnięciem decyzji i podjęciem nowej decyzji Komisja wszczyna formalną procedurę dochodzenia zgodnie z art. 4 ust. 4 […]”.
Lithuanian: Prieš panaikindama vieną sprendimą ir priimdama naują, Komisija pradeda formalaus tyrimo procesą pagal 4 straipsnio 4 dalį.“
Maltese: Qabel ma tirrevoka deċiżjoni u tieħu deċiżjoni ġdida, il-Kummissjoni għandha tiftaħ il-proċedura ta’ investigazzjoni formali skont l-Artikolu 4(4) (…)”.
English: For the definition of partner enterprises, the Commission Recommendation does indeed not foresee any other criteria than the 25 % threshold in shares, respectively voting rights. It also does not contain a specific anti-circumvention clause.
Portuguese: Na sua definição de empresas parceiras, a Recomendação da Comissão não prevê efectivamente outros critérios além do limiar de 25 % do capital ou dos direitos de voto e tão-pouco contém uma cláusula específica contra o contorno da legislação.
Greek: Για τον ορισμό των συνεργαζόμενων επιχειρήσεων η σύσταση της Επιτροπής δεν προβλέπει στην πράξη κανένα άλλο κριτήριο πέραν του ορίου του 25 % του κεφαλαίου ή των δικαιωμάτων ψήφου, ούτε περιλαμβάνει κάποια ειδική απαγόρευση καταστρατήγησης.
Slovak: Na definíciu partnerského podniku sa v odporúčaní Komisie v skutočnosti neuvádza žiadne iné kritérium ako prahová hodnota vo výške 25 % kapitálu resp. hlasovacích práv. Nenachádza sa v ňom ani žiadny konkrétny zákaz obchádzania definície.
Lithuanian: Kalbant apie įmonių partnerių apibrėžtį, Komisijos rekomendacijoje iš tikrųjų nenumatyta jokio kito kriterijaus, tik 25 % kapitalo ar balso teisių riba, nenumatytas ir joks specialus draudimas apeiti šį kriterijų.
English: Several elements suggest that from the start the intention of Evergreen and Q-Cells was to give equal power to both partners as soon as the SME bonus was secured: The MJVA1 lays down in its Article 3(6) that, ‘if it is possible under the applicable grant regulations, that Q-Cells increases its ownership interest in Sovello to 50 %, without such increase of Q-Cells’ ownership interest in Sovello possibly resulting in an application for Government Investment Grants being turned down, (…), then Q-Cells shall be offered to increase its ownership interest in Sovello to a level equal to the percentage’ then held by Evergreen. In this context, a preferential price shall apply.
Italian: Diversi elementi indicano che fin dall’inizio Evergreen e Q–Cells intendevano accordare pari diritti ad entrambi i partner non appena la concessione della maggiorazione per le PMI fosse stata assicurata:
Greek: Πλείονα στοιχεία υποδεικνύουν ότι η Evergreen και η Q-Cells είχαν εξαρχής την πρόθεση να εκχωρήσουν σε αμφότερους τους εταίρους ισότιμα δικαιώματα αφότου θα εξασφαλιζόταν η πριμοδότηση ΜΜΕ:
Latvian: Vairāki elementi liecina, ka Evergreen un Q-Cells jau sākotnēji vēlējās abiem partneriem piešķirt vienādas tiesības, tiklīdz būs nodrošināta MVU piemaksas piešķiršana:
English: The rules after REC joined the joint venture are set out in the MJVA2. The MJVA2 provides that following an Additional Financing request, be it linked to capacity expansion or otherwise, Q-Cells may increase its participation up to the same level as Evergreen (Art. 3.5.c).
French: Les modalités applicables après l’entrée de REC sont fixées dans l’accord-cadre no 2 qui prévoit que sur demande de capitaux supplémentaires, dans la perspective d’une extension des capacités ou pour toute autre raison, Q-Cells pourra augmenter sa participation jusqu’à concurrence de la part d’Evergreen (article 3.5, point c).
Greek: Η ρύθμιση που τέθηκε σε ισχύ μετά την προσχώρηση της REC διατυπώνεται στην MJVA2.
Latvian: Pēc REC pievienošanās pieņemtais regulējums ir noteikts otrajā kopuzņēmuma pamatlīgumā.
English: In the case of Additional Financing, and still subject to a further silicon supply contract, REC will be entitled to increase its shareholding in Sovello to 33,3 % (Art. 3.5.d), i.e. the same level as Evergreen and Q-Cells. The internal company decision to expand its capacity was taken end June 2006.
Spanish: En caso de una petición de financiación adicional y también sin perjuicio de otro contrato de suministro de silicio, REC podrá incrementar su participación en Sovello al 33,3 % [artículo 3.5, letra d)], es decir, al mismo nivel que las participaciones de Evergreen y Q-Cells La decisión interna de la empresa de ampliar la capacidad de producción se tomó a finales de junio de 2006.
Italian: Nel caso di richiesta di risorse finanziarie supplementari, e sempre su riserva di un ulteriore contratto di fornitura di silicio, REC può portare al 33,3 % la sua partecipazione in Sovello [articolo 3,5, lettera d)], vale a dire allo stesso livello di Evergreen e Q-Cells.
English: Table II Breakdown of the project costs (in nominal values)
Estonian: Projekti kulude jagunemine (summade nimiväärtus)
English: In the same year, Sovello had no employees, no turnover and a balance sheet of EUR 0,025 million.
French: Pour la même année, Sovello n’avait ni effectif ni chiffre d’affaires, mais un bilan total de 0,025 million d’EUR.
Swedish: Samma år hade Sovello inga anställda, ingen omsättning och en balansomslutning på 0,025 miljoner euro.
Finnish: Samana vuonna Sovellolla ei ollut työntekijöitä sen paremmin kuin liikevaihtoakaan, mutta sen taseen loppusumma oli 0,025 miljoonaa euroa.
Hungarian: Ebben az évben a Sovello-nak sem személyzete, sem forgalma nem volt, de mérlegfőösszege 0,025 millió EUR-t tett ki.
Estonian: Kõnealusel aastal puudusid Sovellol töötajad ja aastakäive, aga tema bilansimaht oli 0,025 miljonit eurot.
Latvian: Šajā pašā gadā Sovello nebija ne darbinieku, ne apgrozījuma, bet tikai bilances kopsumma 0,025 miljoni euro apmērā.
Maltese: Fl-istess sena, Sovello ma kellhiex impjegati, l-ebda fatturat u karta tal-bilanċ ta’ EUR 0,025 miljun.
English: End 2004, Q-Cells had 350 employees, an annual turnover of EUR 128,7 million and a balance sheet total of EUR 105,6 million.
French: Fin 2004, Q-Cells présentait un effectif de 350 personnes, un chiffre d’affaires de 128,7 millions d’EUR et un total au bilan de 105,6 millions d’EUR.
Swedish: I slutet av 2004 hade Q-Cells 350 anställda, en årsomsättning på 128,7 miljoner euro och en balansomslutning på 105,6 miljoner euro).
Finnish: Q-Cellsillä oli vuoden 2004 lopussa 350 työntekijää, 128,7 miljoonan euron vuosiliikevaihto ja taseen loppusumma 105,6 miljoonaa euroa.
Hungarian: 2004 végén a Q-Cells személyzeti létszáma 350 fő volt, éves forgalma 128,7 millió EUR, éves mérlegfőösszege pedig 105,6 millió EUR.
Estonian: aasta lõpus oli Q-Cellsil 350 töötajat, tema aastakäive oli 128,7 miljonit eurot ja aasta bilansimaht 105,6 eurot.
Latvian: 2004. gada beigās Q-Cells bija 350 darbinieki, gada apgrozījums 128,7 miljoni euro un gada bilances kopsumma 105,6 miljoni euro.
Maltese: Fl-aħħar tal-2004, Q-Cells kellha 350 impjegat, fatturat annwali ta’ EUR 128,7 miljun u total fil-karta tal-bilanċ ta’ EUR 105,6 miljun.
English: Germany submitted its comments by letter dated 10 September 2008, registered as received on the same day. Germany submitted further comments by letters dated 20 March, 13 May, and 16 November 2009, registered as received on the same day respectively.
French: L’Allemagne a transmis ses observations par lettre du 10 septembre 2008, enregistrée le même jour, ainsi que des commentaires supplémentaires par lettres du 20 mars, du 13 mai et du 16 novembre 2009, respectivement enregistrées le même jour.
English: At the time of notification, Q-Cells and REC had a joint shareholder, the venture capital company Good Energies Investment BV (hereinafter: Good Energies). This company held 16 % of the shares of Q-Cells and 39 % of the shares of REC (situation on 7 March 2006).
French: À la date de la notification de l’aide, Q-Cells et REC avaient un actionnaire commun, à savoir la société Venture-Capital-Gesellschaft Good Énergies Investment BV (ci-après dénommée «Good Énergies»), qui détenait 16 % des parts de Q-Cells et 39 % des parts de REC (au 7 mars 2006).
Italian: Al momento della notifica, Q-Cells e REC avevano un socio comune: la società di venture capital Good Energies Investment BV (di seguito «Good energies») che deteneva il 16 % delle quote di Q-Cells e il 39 % di REC (situazione al 7.3.2006).
English: The document titled ‘Project “Sovello”: Heads of Agreement’ (hereinafter: Heads of Agreement), signed by the CEO’s of Evergreen and Q-Cells, is anterior to the MJVA1. This agreement outlines a possible transaction between the two companies regarding the establishment and conduct of a joint venture for the development, manufacture and sale of solar products based upon String-Ribbon technology.
French: Le document intitulé «Project “Sovello”: Heads of Agreement» (ci-après le «protocole d’accord»), qui avait été signé par les présidents des conseils d’administration d’Evergreen et de Q-Cells avant la conclusion de l’accord-cadre no 1, brosse les grandes lignes d’une possible convention entre les deux sociétés ayant pour objet la création et la gestion d’une coentreprise dans le but de développer, de fabriquer et de commercialiser des produits photovoltaïques sur la base de la technologie «String-Ribbon».
English: The MJVA1 sets the participation of Evergreen in Sovello at 75,1 %, and that of Q-Cells at 24,9 %. It however includes the possibility for Q-Cells to — if this would not result in a decrease of investment grants — increase its ownership interest to 50 %.
French: Dans l’accord-cadre no 1, la participation d’Evergreen dans Sovello est fixée à 75,1 % et celle de Q-Cells à 24,9 %, mais cet accord-cadre prévoit également la possibilité pour Q-Cells de porter sa participation à 50 %, dans la mesure où une telle augmentation n’entraîne aucune diminution des aides à l’investissement.
Italian: Benché il contratto quadro n. 1 fissi la partecipazione di Evergreen al 75,1 % e quella di Q-Cells al 24,9 %, esso prevede nondimeno la possibilità per Q-Cells di aumentare la propria partecipazione al 50 %, a patto che ciò non comporti una diminuzione degli aiuti agli investimenti.
Lithuanian: numatyta, kad Evergreen gali turėti 75,1 % Sovello akcijų, o Q-Cells – 24,9 %, tačiau taip pat numatyta, kad Q-Cells savo akcijų dalį gali padidinti iki 50 %, su sąlyga, kad dėl to nesumažės subsidijos investicijoms.
English: Germany claims that the information it provided to the Commission in the context of the notification of case N 426/05 was neither incomplete nor incorrect, and that consequently Article 9 of Regulation (EC) No 659/1999 is not applicable. Germany argues that the Commission was informed of the fact that Sovello was a newly founded technology enterprise in the solar industry, created as a joint venture between Evergreen and Q-Cells, which did not exceed the thresholds of the SME definition and which was exposed to the typical handicaps of an SME.
French: Elle invoque que les informations transmises à la Commission dans le contexte de la notification de l’aide N 426/05 n’étaient ni incomplètes ni inexactes de sorte que l’article 9 du règlement (CE) no 659/1999 ne trouve pas à s’appliquer.
English: Germany argues that the actual SME block-exemption Regulation, in conjunction with the SME definition, is binding for the Commission, and can certainly not be narrowed by adding unwritten criteria. Neither the Court of Justice nor the Court of First Instance has in its judgements considered such unwritten criteria in cases based on the new SME definition.
French: Dans ce contexte, elle fait valoir que la Commission est tenue de respecter le règlement d’exemption par catégorie en association avec la définition des PME, et qu’elle ne peut certainement pas les restreindre en appliquant des critères supplémentaires non écrits que ni la Cour ni le Tribunal de première instance n’ont utilisés pour fonder leurs arrêts dans des affaires reposant sur la définition des PME.
Polish: Władze niemieckie argumentują, że obowiązujące obecnie ogólne rozporządzenie w sprawie wyłączeń blokowych, z związku z definicją MŚP, jest wiążące dla Komisji i z całą pewnością nie może być ograniczane poprzez dodatkowe, niepisane kryteria, bo ani Trybunał, ani też Sąd nie uwzględniły tego rodzaju kryteriów w treści wyroków wydanych w sprawach, w których stosowano nową definicję MŚP.
English: For the above reasons, Q-Cells accepted a minority participation of 24,9 %. Germany mentions that in the same logic, Q-Cells had taken a similar minority participation (21,19 %) in CSG Solar AG [24], a company producing solar modules based on the thin-film technology.
French: L’Allemagne déclare que c’est pour ces motifs que Q-Cells avait accepté une participation minoritaire de 24,9 %, et elle ajoute que c’est également ce qui expliquerait la participation minoritaire comparable de Q-Cells (21,9 %) dans l’entreprise CSG Solar AG [24] qui fabrique des modules solaires à partir de la technologie des films minces.
English: Germany argues that a potential future increase of Q-Cells’ participation was agreed but was subject to certain conditions and contribution of corresponding extra capital. One of the conditions mentioned in the MJVA1 was that such a participation increase should not jeopardise the aid granted to Sovello.
French: L’Allemagne avance qu’une augmentation future éventuelle de la participation de Q-Cells avait certes été convenue, mais qu’elle était subordonnée à des conditions précises et à la mise à disposition de ressources financières correspondantes; l’une de ces conditions indiquées dans l’accord-cadre no 1 étant qu’une telle augmentation ne devait pas menacer l’aide d’État en faveur de Sovello.
English: In order to indicate that the participation of 24,9 % of Q-Cells is not determined by the intention to obtain a SME bonus, Germany also refers to German company law. On the one hand, Germany points out that the influence of Q-Cells is corresponding to the rules on protection of minority shareholders.
French: À l’appui de son argument, selon lequel ce n’était pas dans l’intention d’obtenir une prime PME que la participation de Q-Cells avait été fixée à 24,9 %, l’Allemagne renvoie également à la législation allemande relative aux sociétés, en arguant que premièrement l’influence de Q-Cells correspond aux dispositions visant à protéger les actionnaires minoritaires.
Lithuanian: Vokietija, siekdama patvirtinti argumentą, jog nuostata, kad Q-Cells gali turėti ne daugiau kaip 24,9 % akcijų, pagrįsta ne ketinimu gauti MVĮ priemoką, nurodo ir Vokietijos bendrovių teisę.
English: The Commission acknowledges the need for legal certainty and transparency in the application of the State aid rules. Therefore, an assessment which goes beyond that of the application of the formal criteria should in any event be limited to very exceptional cases that can be clearly qualified as circumvention.
French: La Commission reconnaît que la sécurité juridique et la transparence s’imposent lors de l’application des dispositions en matière d’aides d’État. et que les examens au-delà de l’application des critères formels doivent par conséquent être limités aux seuls rares cas exceptionnels qui, clairement, laissent présumer qu’un contournement existe.
English: The MJVA1 lays down in its Article 3(6) that, ‘if it is possible under the applicable grant regulations, that Q-Cells increases its ownership interest in Sovello to 50 %, without such increase of Q-Cells’ ownership interest in Sovello possibly resulting in an application for Government Investment Grants being turned down, (…), then Q-Cells shall be offered to increase its ownership interest in Sovello to a level equal to the percentage’ then held by Evergreen. In this context, a preferential price shall apply.
French: l’article 3, paragraphe 6, de l’accord-cadre no 1 prévoit que dans le cas où, dans les conditions applicables en matière d’aides, Q-Cells pourrait augmenter sa participation dans EverQ à 50 %, sans que cela conduise à un rejet de la part des autorités compétentes d’une demande d’aide d’État à l’investissement […], on lui proposerait un pourcentage de participation équivalent à celui d’Evergreen, en appliquant dans ce contexte un prix préférentiel,
English: The String-Ribbon technology is a continuous process whereby long wires unwind from spools, run through a silicon melt and pull a long ‘ribbon’ of silicon out of this melt. The ribbon is harvested periodically and cut into smaller pieces (solar wafers).
French: La technologie «String Ribbon» est un procédé d’étirage en continu de longs rubans de silicium (ribbon) par passage dans un bain de silicium fondu de longs fils déroulés de bobines.
Lithuanian: String-Ribbon technologija yra nepertraukiamas procesas, kurio metu nuo ritės vyniojamos kelios ilgos vielos ir traukiamos per skystą silicį – taip iš lydymo vonios ištraukiama tarp vielų susiformavusi ilga silicio juosta (Ribbon), kuri reguliariai paimama ir supjaustoma į mažesnes dalis (saulės plokštes).
English: Based in Thalheim, Sachsen-Anhalt, Germany. Formerly Q-Cells AG.
French: Siège à Thalheim, Saxe-Anhalt, Allemagne, ex Q-Cells AG.
English: This is exactly the situation of Sovello where the parties laid down in the Articles of Association that both of them have to agree to all important decisions, especially to a modification of the articles. If unanimity — like in the present case — is agreed, then the rule above does not apply, because it shall only protect the rights of a minority shareholder, but not restrict his rights.
Hungarian: Pontosan ez a helyzet a Sovello esetében, mivel a partnerek rögzítették az alapszabályban, hogy minden fontos döntéshez és különösen az alapszabály módosításához mindkét partner beleegyezésére szükség van. amenynyiben – mint ebben az esetben is – egyhangúságról állapodtak meg, nem érvényes a fent említett szabály, mivel az csak védi a kisebbségi tag jogait, és nem korlátozza.
English: The purpose of the overall aid project (regional aid granted under approved aid schemes plus the notified SME bonus) was to build a new 30 MWp plant (Sovello1) to manufacture solar modules (ProdCom code 32.10.52.37) based on the String-Ribbon technology [7]. The new plant was Sovello’s first production site.
Italian: Scopo del progetto (sovvenzionato con un aiuto regionale accordato nell’ambito di regimi autorizzati e integrato dalla maggiorazione PMI notificata) era la costruzione di un nuovo stabilimento con una capacità di produzione di 30 MW (Sovello 1) per produrre moduli solari (codice ProdCom 32.10.52.37) con la tecnologia String Ribbon [7].
English: Germany argues that the shareholders could only bring in very limited own resources. Until 2006, only Evergreen provided financing exceeding its share capital and capital reserves.
Italian: La Germania precisa che i soci potevano conferire solo un importo assai ridotto di capitale proprio e che fino al 2006 solo Evergreen ha apportato finanziamenti oltre alla partecipazione di capitale e alle riserve di capitale.
English: At the time of concluding the MVJA1 with Evergreen, Q-Cells had already invested in a large project for the production of conventional solar cells. It had only limited resources available for investment in other projects.
Italian: Al momento della stipula del contratto quadro n. 1 con Evergreen, Q-Cells aveva già fatto investimenti in un grande progetto per la produzione di celle solari convenzionali e poteva quindi apportare solo risorse limitate ad altri progetti.
Lithuanian: su Evergreen sudarymo metu bendrovė Q-Cells jau buvo investavusi į didelį įprastų saulės elementų gamybos projektą, todėl negalėjo daug investuoti į kitus projektus.
English: Germany is of the view that there is a distinction between influence existing at a certain moment in time and potential future influence based on a possible increase of the participation of Q-Cells. Germany stresses that it was totally uncertain whether this participation increase would take place, and that both parties knew it would not follow quickly and certainly not before the probation of the new technology.
Italian: La Germania ritiene che si debba distinguere tra la reale influenza esercitata in un preciso momento e l’influenza potenziale esercitabile in futuro a seguito di un eventuale aumento della partecipazione di Q-Cells; sottolinea, inoltre, che non era affatto chiaro se la partecipazione sarebbe davvero aumentata e ricorda che entrambi i partner sapevano che tale aumento non era da attendersi in tempi brevi e certamente non prima che la nuova tecnologia avesse dato buoni risultati.
English: Following this entry, Evergreen lowered its participation by 11,1 % and Q-Cells by 3,9 %. According to Germany, this proves the primary willingness of Q-Cells to remain a minority shareholder.
Italian: Con l’entrata di REC nella joint venture, Evergreen ha ceduto l’11,1 % della sua partecipazione e Q-Cells il 3,9 %, il che, secondo la Germania, proverebbe l’intenzione di Q-Cells di rimanere socio di minoranza.
English: Germany argues also that the participation of Q-Cells is based on German company law. Germany argued in particular that the successful development of the Sovello joint venture was of such importance for the economic success of Evergreen that Evergreen wanted to keep a maximum of decisional rights and influence on Sovello, and therefore did not accept, for the first phase of development of Sovello, to have shares and voting rights which did not exceed 75 %.
Italian: La Germania osserva che la partecipazione di Q-Cells si fonda sul diritto societario tedesco e afferma in particolare che lo sviluppo positivo della joint venture Sovello era così determinante per il successo economico di Evergreen che quest’ultima voleva mantenere l’influsso maggiore e i più ampi poteri decisionali possibili su Sovello e che per questo motivo, nella fase iniziale, aveva rifiutato di detenere al massimo il 75 % del capitale sociale e dei diritti di voto.