CELEX: 62013TA0305
Language: en
Date: 2015-06-25 00:00:00
Title: Case T-305/13: Judgment of the General Court of 25 June 2015 — SACE and Sace BT v Commission (State aid — Export credit insurance — Reinsurance granted by a public undertaking to its subsidiary — Capital contributions to cover the subsidiary’s losses — Notion of State aid — Imputability to the State — Private investor test — Obligation to state reasons)

10.8.2015   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 262/18
            
         Judgment of the General Court of 25 June 2015 — SACE and Sace BT v Commission
   (Case T-305/13) (1)
   
   ((State aid - Export credit insurance - Reinsurance granted by a public undertaking to its subsidiary - Capital contributions to cover the subsidiary’s losses - Notion of State aid - Imputability to the State - Private investor test - Obligation to state reasons))
   (2015/C 262/23)
   Language of the case: Italian
   
      Parties
   
   
      Applicants: Servizi assicurativi del commercio estero SpA (SACE) (Rome, Italy); and Sace BT SpA (Rome) (represented by: M. Siragusa and G. Rizza, lawyers)
   
      Defendant: European Commission (represented by: G. Conte, D. Grespan and K. Walkerová, acting as Agents)
   
      Intervener in support of the applicants: Italian Republic (represented by: G. Palmieri, acting as Agent, assisted by S. Fiorentino, avvocato dello Stato)
   
      Re:
   
   Application for annulment of Commission Decision 2014/525/EU of 20 March 2013 on the measures SA.23425 (11/C) (ex NN 41/10) implemented by Italy in 2004 and 2009 for SACE BT S.p.A. (OJ 2014 L 239, p. 24).
   
      Operative part of the judgment
   
   The Court:
   
               1.
            
            
               Annuls Article 2(2) of Commission Decision 2014/525/EU of 20 March 2013 on the measures SA.23425 (11/C) (ex NN 41/10) implemented by Italy in 2004 and 2009 for SACE BT S.p.A;
            
         
               2.
            
            
               Dismisses the action as to the remainder;
            
         
               3.
            
            
               Servizi assicurativi del commercio estero SpA (SACE) and Sace BT shall bear their own costs, including those relating to the interlocutory proceedings;
            
         
               4.
            
            
               The European Commission shall bear its own costs, including those relating to the interlocutory proceedings;
            
         
               5.
            
            
               The Italian Republic shall bear its own costs, including those relating to the interlocutory proceedings.
            
         
      (1)  OJ C 207, 20.7.2013.