CELEX: 62012CA0224
Language: en
Date: 2014-04-03 00:00:00
Title: Case C-224/12 P: Judgment of the Court (Second Chamber) of 3 April 2014  — European Commission v Kingdom of the Netherlands, ING Groep NV, De Nederlandsche Bank NV (Appeal — Financial sector — Serious disturbance in the economy of a Member State — State Aid to a banking group — Form — Capital injection as part of a restructuring plan — Decision — Whether the aid compatible with the common market — Conditions — Amendment to the repayment terms of the aid — Private investor test)

26.5.2014   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 159/3
            
         Judgment of the Court (Second Chamber) of 3 April 2014 — European Commission v Kingdom of the Netherlands, ING Groep NV, De Nederlandsche Bank NV
   (Case C-224/12 P) (1)
   
   ((Appeal - Financial sector - Serious disturbance in the economy of a Member State - State Aid to a banking group - Form - Capital injection as part of a restructuring plan - Decision - Whether the aid compatible with the common market - Conditions - Amendment to the repayment terms of the aid - Private investor test))
   2014/C 159/03
   Language of the case: Dutch
   
      Parties
   
   
      Appellant: European Commission (represented by: L. Flynn, S. Noë and H. van Vliet, acting as Agents)
   
      Other parties to the proceedings: Kingdom of the Netherlands (represented by: M. de Ree, C. Wissels and J. Langer, acting as Agents, and P. Glazener, advocaat), ING Groep NV (represented by: O.W. Brouwer and J. Blockx, advocaten, and M. O’Regan, Solicitor), De Nederlandsche Bank NV (represented by: S. Verschuur and H. Gornall, advocaten, and M. Petite, avocat)
   
      Re:
   
   Appeal against the judgment of the General Court (First Chamber) of 2 March 2012 in Joined Cases T-29/10 and T-33/10 Netherlands and ING Groep v Commission by which the General Court granted the applications for the partial annulment of Commission Decision 2010/608/EC of 18 November 2009 on State aid C 10/09 (ex N 138/09) implemented by the Netherlands for ING’s Illiquid Assets Back Facility and Restructuring Plan (OJ 2010 L 274, p. 139)
   
      Operative part of the judgment
   
   The Court:
   
               1.
            
            
               Dismisses the appeal;
            
         
               2.
            
            
               Orders the European Commission to pay the costs;
            
         
               3.
            
            
               Orders De Nederlandsche Bank NV to bear its own costs.
            
         
      (1)  OJ C 258, 25.8.2012.