CELEX: 62004TJ0304
Language: en
Date: 2006-09-06
Title: Judgment of the Court of First Instance (Second Chamber) of 6 September 2006. # Italian Republic (T-304/04) and Wam SpA (T-316/04) v Commission of the European Communities. # State aid - Loans at reduced rates intended to make it possible to become established in certain non-member countries - Effect on trade between Member States and distortion of competition - Statement of reasons. # Joined cases T-304/04 and T-316/04.

Judgment of the Court of First Instance (Second Chamber) of 6 September 2006 – Italy and Wam v Commission
      (Joined Cases T-304/04 and T-316/04)
      State aid – Loans at reduced rates intended to make it possible to become established in certain non-member countries – Effect on trade between Member States and distortion of competition – Statement of reasons
      State aid – Commission decision finding aid to be incompatible with the common market (Arts 87(1) EC and 253 EC) (see paras 60-78)
      Re:
      
         APPLICATION for annulment of Commission Decision 2006/177/EC of 19 May 2004 on State aid No C 4/2003 (ex NN 102/2002) implemented
                  by Italy for WAM SpA (OJ 2006 L 63, p. 11).
               
            Operative part
      The Court:
      
         
                   
               
               
                  
               
               
                  Annuls Commission Decision 2006/177/EC of 19 May 2004 on State aid No C 4/2003 (ex NN 102/2002) implemented by Italy for WAM
                     SpA (OJ 2006 L 63, p. 11);
                  
               
            
         
                   
               
               
                  
               
               
                  Dismisses the actions as to the remainder;
               
            
         
                   
               
               
                  
               
               
                  Orders the Commission to bear its own costs and to pay those incurred, in Case T-304/04, by the Italian Republic and, in Case
                     T-316/04, by Wam, including those relating to the interim proceedings.