CELEX: 62010CA0452
Language: en
Date: 2012-06-21 00:00:00
Title: Case C-452/10 P: Judgment of the Court (Second Chamber) of 21 June 2012 — BNP Paribas, Banca Nazionale del Lavoro SpA (BNL) v European Commission (Appeals — State aid — Scheme for the realignment of the value of assets for tax purposes — Banking sector — Taxation of capital gains — Substitute tax — Selectivity)

18.8.2012   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 250/2
            
         Judgment of the Court (Second Chamber) of 21 June 2012 — BNP Paribas, Banca Nazionale del Lavoro SpA (BNL) v European Commission
   (Case C-452/10 P) (1)
   
   (Appeals - State aid - Scheme for the realignment of the value of assets for tax purposes - Banking sector - Taxation of capital gains - Substitute tax - Selectivity)
   2012/C 250/03
   Language of the case: Italian
   
      Parties
   
   
      Appellants: BNP Paribas, Banca Nazionale del Lavoro SpA (BNL) (represented by: R. Silvestri, G. Escalar and M. Todino, avvocati)
   
      Other party to the proceedings: European Commission (represented by: V. Di Bucci and D. Grespan, acting as Agents)
   
      Re:
   
   Appeal brought against the judgment of the General Court (Fifth Chamber) of 1 July 2010 in Case T-335/08 BNP Paribas and BNL v Commission, by which that Court dismissed an 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.
            
            
               Sets aside the judgment of the General Court of the European Union in Case T-335/08 BNP Paribas and BNL v Commission [2010] ECR II-3323 to the extent that it infringed Article 107(1) TFEU;
            
         
               2.
            
            
               Dismisses the action brought by BNP Paribas and Banca Nazionale del Lavoro (BNL);
            
         
               3.
            
            
               Orders BNP Paribas and Banca Nazionale del Lavoro SpA (BNL) and the European Commission to bear their own costs;
            
         
               4.
            
            
               Orders BNP Paribas and Banca Nazionale del Lavoro SpA (BNL) to pay the costs incurred before the General Court of the European Union.
            
         
      (1)  OJ C 317, 20.11.2010.