CELEX: 62014TA0386
Language: en
Date: 2016-09-15 00:00:00
Title: Case T-386/14: Judgment of the General Court of 15 September 2016 — FIH Holding and FIH Erhvervsbank v Commission (State aid — Banking sector — Aid granted to Danish bank FIH in the form of a transfer of its impaired assets to a new subsidiary and the subsequent purchase thereof by the Danish Financial Stability Company — State aid for banks during the crisis — Decision declaring the aid compatible with the internal market — Definition of aid — Private investor test — Private creditor test — Calculation of the amount of the aid — Obligation to state reasons)

31.10.2016   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 402/37
            
         Judgment of the General Court of 15 September 2016 — FIH Holding and FIH Erhvervsbank v Commission
   (Case T-386/14) (1)
   
   ((State aid - Banking sector - Aid granted to Danish bank FIH in the form of a transfer of its impaired assets to a new subsidiary and the subsequent purchase thereof by the Danish Financial Stability Company - State aid for banks during the crisis - Decision declaring the aid compatible with the internal market - Definition of aid - Private investor test - Private creditor test - Calculation of the amount of the aid - Obligation to state reasons))
   (2016/C 402/40)
   Language of the case: English
   
      Parties
   
   
      Applicants: FIH Holding A/S (Copenhagen, Denmark), FIH Erhvervsbank A/S (Copenhagen) (represented by: O. Koktvedgaard, lawyer)
   
      Defendant: European Commission (represented by: L. Flynn and P.-J. Loewenthal, 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 pay the costs.
            
         
      (1)  OJ C 253, 4.8.2014.