CELEX: 62020TN0277
Language: en
Date: 2020-05-07 00:00:00
Title: Case T-277/20: Action brought on 7 May 2020 — MKB Multifunds v Commission

27.7.2020   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 247/24
            
         
      Action brought on 7 May 2020 — MKB Multifunds v Commission
      (Case T-277/20)
      (2020/C 247/34)
      Language of the case: Dutch
      
         Parties
      
      
         Applicant: MKB Multifunds BV (Zierikzee, Netherlands) (represented by: J. van de Hel en R. Rampersad, lawyers)
      
         Defendant: European Commission
      
         Form of order sought
      
      The applicant claims that the Court should:
      
                  —
               
               
                  annul the decision of the Commission of 27 February 2020 concerning State aid SA.55704 (2019/FC) — The Netherlands — Alleged aid related to the Dutch Venture Initiative (‘DVI’);
               
            
                  —
               
               
                  order the Commission to reopen its investigation;
               
            
                  —
               
               
                  order the Commission to pay the costs.
               
            
         Pleas in law and main arguments
      
      In support of its action, the applicant puts forward three pleas in law.
      
                  1.
               
               
                  First plea: the Commission erred in determining that the investments of DVI, a fund-of-funds structure, in private equity funds were market conform.
               
            
                  2.
               
               
                  Second plea: the Commission erred in determining that the overall fee structure of the European Investment Fund (EIF) was in line with the fee structure of a comparable market operator of fund-of-funds.
               
            
                  3.
               
               
                  Third plea: the Commission erred in determining that the investment by the Netherlands Government in DVI’s fund-of-funds structure was market conform.