CELEX: 62008TA0335
Language: en
Date: 2010-07-01 00:00:00
Title: Case T-335/08: Judgment of the General Court of 1 July 2010 — BNP Paribas and BNL v European Commission (State aid — Measures taken by the Italian authorities concerning certain restructured banks — Scheme for the realignment of the value of assets for tax purposes — Decision classifying the aid scheme as incompatible with the common market and ordering recovery of the aid — Action for annulment — Individual concern — Admissibility — Concept of State aid — Advantage — Selective nature — Obligation to state reasons)

14.8.2010   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 221/39
            
         Judgment of the General Court of 1 July 2010 — BNP Paribas and BNL v European Commission
   (Case T-335/08) (1)
   
   (State aid - Measures taken by the Italian authorities concerning certain restructured banks - Scheme for the realignment of the value of assets for tax purposes - Decision classifying the aid scheme as incompatible with the common market and ordering recovery of the aid - Action for annulment - Individual concern - Admissibility - Concept of State aid - Advantage - Selective nature - Obligation to state reasons)
   2010/C 221/62
   Language of the case: Italian
   
      Parties
   
   
      Applicant: BNP Paribas (Paris, France) and Banca Nazionale del Lavoro SpA (BNL) (Rome, Italy) (represented by: R. Silvestri, G. Escalar and M. Todino, lawyers)
   
      Defendant: European Commission (represented by: V. Di Bucci and E. Righini, Agents)
   
      Re:
   
   Application for annulment of Commission Decision 2008/711/EC of 11 March 2008 on State aid C 15/07 (ex NN 20/07) implemented by Italy on the tax incentives in favour of certain restructured banks (OJ 2008 L 237, p. 70)
   
      Operative part of the judgment
   
   The Court:
   
               1.
            
            
               Dismisses the action.
            
         
               2.
            
            
               Orders BNP Paribas and Banca Nazionale del Lavoro SpA (BNL) to pay the costs.
            
         
      (1)  OJ C 272, 25.10.2008.