CELEX: 62014TA0386(01)
Language: en
Date: 2019-09-19 00:00:00
Title: Case T-386/14 RENV: Judgment of the General Court of 19 September 2019 — FIH Holding and FIH v Commission (State aid — Banking sector — Aid granted to FIH in the form of a transfer of its impaired assets to a new subsidiary and the subsequent purchase thereof by the body responsible for guaranteeing financial stability — State aid for banks during the crisis — Decision declaring the aid compatible with the internal market — Admissibility — Calculation of the amount of the aid — Manifest error of assessment)

25.11.2019   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 399/39
            
         
      Judgment of the General Court of 19 September 2019 — FIH Holding and FIH v Commission
      (Case T-386/14 RENV) (1)
      
      (State aid - Banking sector - Aid granted to FIH in the form of a transfer of its impaired assets to a new subsidiary and the subsequent purchase thereof by the body responsible for guaranteeing financial stability - State aid for banks during the crisis - Decision declaring the aid compatible with the internal market - Admissibility - Calculation of the amount of the aid - Manifest error of assessment)
      (2019/C 399/45)
      Language of the case: English
      
         Parties
      
      
         Applicants: FIH Holding A/S (Copenhagen, Denmark) and FIH A/S, previously FIH Erhvervsbank A/S (Copenhagen) (represented by: O. Koktvedgaard, lawyer)
      
         Defendant: European Commission (represented by: L. Flynn, A. Bouchagiar and K. Blanck, acting as Agents)
      
         Re:
      
      Action on the basis of Article 263 TFEU for annulment of Commission Decision 2014/884/EU of 11 March 2014 on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC (OJ 2014 L 357, p. 89).
      
         Operative part of the judgment
      
      The Court:
      
                  1.
               
               
                  
                     Annuls Commission Decision 2014/884/EU of 11 March 2014 on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC;
                  
               
            
                  2.
               
               
                  
                     Orders the European Commission to bear its own costs and to pay those incurred by FIH Holding A/S and FIH A/S.
                  
               
            
         (1)  OJ C 253, 4.8.2014.