natgillin/translations-raw huggingface dataset:
En modgaranti med et aktiv som sikkerhed udgør derfor en anden transaktion, som ikke behøver at blive vurderet.
Therefore, a counter-guarantee with an asset as security constitutes a different transaction, which does not have to be assessed.
Som et subsidiært argument bemærker Kommissionen, at selv hvis påstanden i den første Deloitte-rapport skulle vurderes, havde HSY ikke været i stand til at overtale en privat bank til at yde sådanne forudbetalingsgarantier ved at stille sikkerhed.
As a subsidiary ground, the Commission notes that, even if the claim of the first Deloitte report had to be assessed, HSY would not have been able to convince a private bank to provide such down payment guarantees by providing securities.
Værftets aktiver var nemlig allerede behæftet, og de havde en lav likvidationsværdi (se det andet og det tredje punkt, der er behandlet i fodnote 43).
Indeed, the assets of yards were already encumbered and they had a low liquidation value (see the second and third items discussed in footnote 43 of the present decision).
Selv en sikkerhed i form af et pant i visse aktiver i HSY havde derfor ikke været tilstrækkeligt til at overtale en markedsøkonomisk investor til at yde lån til HSY.
Therefore, even a security in the form of a lien on certain assets of HSY would not have been sufficient to convince a market economy investor to lend to HSY.
Kommissionen har tidligere i denne beslutning fastslået den rentesats, som en privat bank havde forlangt for at yde et lån til HSY.
The Commission has earlier in this decision established the interest rate which a private bank would have charged for giving a loan to HSY.
For perioden indtil den 30. juni 1999 blev det konkluderet, at eftersom HSY udgjorde en særlig risiko, var det nødvendigt at tilføje en risikopræmie på mindst 400 basispoint over den rentesats, der forlanges for lån til sunde virksomheder.
For the period until 30 June 1999, it was concluded that, since HSY presented a particular risk, it was necessary to add a risk premium of at least 400 basis points above the interest rate charged for loans to healthy firms.
For at anvende samme tilgang i forbindelse med forudbetalingsgarantier er det nødvendigt at fastsætte, hvilken præmie en markedsøkonomisk investor ville forlange for at yde en forskudsgaranti til en sund virksomhed.
In order to apply the same approach to guarantees on down payments, it is necessary to determine which premium a market economy investor would charge for granting an advance payment guarantee to a healthy firm.
Ingen af parterne i denne procedure er fremkommet med en pålidelig markedspris for sådanne garantier.
No party to the current procedure has provided a reliable market price for such guarantees.
I forbindelse med flere statsgarantiordninger, som har været rettet mod skibsbygningssektoren og er godkendt af Kommissionen som ordninger, der ikke indebærer støtte, blev den årlige garantipræmie for låntageren med den laveste kreditrisiko fastsat til 0,8 %, eller 80 basispoint.
In several State guarantees schemes targeted at the shipbuilding sector and approved by the Commission as free of aid, the annual guarantee premium for the borrower with the lowest credit risk was set at 0,8 %, or 80 basis points.
I mangel af andre pålidelige indikatorer vil Kommissionen anvende denne sats som et skøn over den årlige garantipræmie, som sunde skibsbygningsvirksomheder i Grækenland mindst betalte på daværende tidspunkt.
In the absence of other reliable indicators, the Commission will use this rate as an estimation of the minimum annual guarantee premium paid by healthy shipbuilding firms in Greece at the time.
Selv om kontrakterne med OSE og ISAP ikke vedrører skibsbygning, men produktion af rullende materiel, vil Kommissionen anvende 0,8 % som referencegrundlag, eftersom produktion af rullende materiel forblev en marginal aktivitet for HSY, mens de fleste af HSY's aktiviteter, og derfor det meste af risikoen i forbindelse med HSY, vedrørte skibsbygning og -reparation.
Even if the contracts with OSE and ISAP do not concern shipbuilding but the construction of rolling stock, the Commission will use 0,8 % as benchmark since the construction of rolling stock remained a marginal activity for HSY and most of the activities of HSY, and therefore most of the risk of HSY, concerned ship building and ship repair.
Med hensyn til forskudsgarantier ydet til HSY inden den 30. juni 1999 vil afgørelsen af, om og i hvilket omfang der er tale om støtte, derfor blive vurderet ved at sammenligne den årlige præmie, som HSY faktisk har betalt (herunder det gebyr for modgarantien, der er betalt til staten) med en præmie på 480 basispoint (dvs. 80 basispoint forhøjet med 400 basispoint).
Consequently, for advance payments guarantees granted to HSY before 30 June 1999, the existence and amount of aid will be assessed by comparing the annual premium actually paid by HSY (including the counter guarantee fee paid to the State) with a premium of 480 basis points (i.e. 80 basis points increased by 400 basis points).
Med hensyn til perioden efter den 30. juni 1999 konkluderede Kommissionen tidligere i denne beslutning, at værftet ikke længere havde adgang til det finansielle marked, og at det støtteelement, der skal tilbagesøges i forbindelse med ethvert lån, vil være forskellen mellem den rentesats, som HSY faktisk har betalt, og referencesatsen forhøjet med 600 basispoint.
As regards the period after 30 June 1999, the Commission earlier in the present decision concluded that the yard had no access to the financial market anymore, and that the aid element to recover in any loan would be the difference between the interest rate actually paid by HSY and the reference rate increased by 600 basis points.
I forbindelse med forudbetalingsgarantier vil den støtte, der skal tilbagesøges, derfor blive beregnet ved at sammenligne den faktiske præmie, som HSY har betalt (herunder det gebyr for modgarantien, der er betalt til staten), med en præmie på 680 basispoint (dvs. 80 basispoint forhøjet med 600 basispoint).
In case of down payments guarantees, the aid to recover will therefore be calculated by comparing the actual premium paid by HSY (including the counter guarantee fee paid to the State) with a premium of 680 basis points (i.e. 80 basis points increased by 600 basis points).
Kommissionen bemærker, at Grækenland har gjort gældende, at der allerede var givet tilsagn om modgarantierne, da ETVA ydede forskudsgarantierne.
The Commission notes that Greece claims that the counter-guarantees were already promised when ETVA granted the advance payment guarantees.
De indeholder derfor statsstøtte, som beløber sig til forskellen mellem sidstnævnte præmie og de samlede omkostninger i forbindelse med garantierne til HSY (præmie betalt til ETVA og præmie betalt til staten).
They therefore contain State aid, which amount to the difference between the latter premium and the total cost of the guarantees for HSY (premium paid to ETVA and the premium paid to the State).
Modgarantierne i forbindelse med forskuddene til OSE blev ydet efter juni 1999, på et tidspunkt, hvor ingen bank fortsat ville have ydet garantier.
The counter guarantees related to the advance payments of OSE were granted after June 1999, at a time where no bank would have provided any guarantee anymore.
Disse modgarantier udgør derfor i deres helhed støtte.
Therefore, these entire counter-guarantees constitute aid.
Hvis disse støtteforanstaltninger anses for at være uforenelig støtte, og hvis de stadig er i kraft, skal de straks bringes til ophør.
If these aid measures are found to constitute incompatible aid and if they are still outstanding, they will have to be stopped immediately.
Dette vil imidlertid være utilstrækkeligt til at genoprette den oprindelige situation, eftersom HSY over en årrække har draget fordel af en garanti, som det ikke ville have opnået på markedet.
This would however be insufficient to restore the initial situation since HSY would have during several years benefited from a guarantee which it would have not received from the market.
For perioden indtil garantiens udløb vil støtte svarende til forskellen mellem 680 basispoint og de præmier, som HSY faktisk har betalt, også skulle tilbagesøges.
For the period until the expiration of the guarantee, aid amounting to the difference between 680 basis points and the premiums actually paid by HSY would also have to be recovered.
Kommissionen bemærker, at støtten udgør driftsstøtte, da den reducerer de omkostninger, som HSY normalt skulle have afholdt i forbindelse med kommercielle kontrakter.
The Commission observes that the aid constitutes operating aid since it reduces the costs that HSY should normally have supported in the framework of commercial contracts.
Eftersom driftsstøtte ikke var tilladt i sektoren for produktion af rullende materiel, kan støtten ikke anses for at være forenelig med fællesmarkedet og skal derfor tilbagesøges.
Since operating aid was not allowed in the sector of the production of rolling stock material, the aid can not be considered compatible with the common market and has therefore to be recovered.
Udskydelse/omlægning af forpligtelser og eftergivelse af skyldige morarenter til OSE og ISAP (foranstaltning E12c)
Deferment/rescheduling of obligations and waiver of penalties owed to OSE and ISAP (measure E12c)
HSY var ikke i stand til at opfylde sine forpligtelser i forbindelse med de kontrakter om rullende materiel, der var indgået med OSE og ISAP.
HSY was unable to meet its obligations stemming from the rolling stock contracts concluded with OSE and ISAP.
Det lykkedes navnlig ikke HSY at producere det rullende materiel i henhold til den aftalte tidsplan.
In particular, HSY did not succeed in producing the rolling stock according to the agreed timetable.
Som følge heraf blev nogle af kontrakterne genforhandlet i 2002-2003, og der blev aftalt en ny tidsplan for leveringen.
Consequently, in 2002–2003 some of the contracts were renegotiated and a new timetable for delivery agreed upon.
Desuden ser det ud til, at man afstod fra eller udsatte anvendelsen af bødebestemmelser og morarenter som fastsat i de oprindelige kontrakter.
In addition, it seems that application of penalty clauses and default interests as laid down in the initial contracts was waived or postponed.
I beslutningen om at udvide proceduren udtrykte Kommissionen tvivl med hensyn til, om OSE og ISAP, som er statsejede virksomheder, under forhandlingerne i 2002-2003 optrådte på en måde, der ville være acceptabel for en privat virksomhed under lignende omstændigheder.
In the extension decision, the Commission raises doubts that during the negotiations that took place in 2002–2003 OSE and ISAP, which are State-owned companies, behaved in a way acceptable for a private undertaking in similar circumstances.
De kan have anvendt og/eller genforhandlet kontrakterne til fordel for HSY, hvorved der blev ydet statsstøtte til sidstnævnte.
They may have applied and/or renegotiated the contracts in a way favourable to HSY, thereby granting State aid to the latter.
Elefsis har gjort gældende, at OSE og ISAP ikke har forsøgt at opnå fuld betaling af bøder og morarenter, som er opstået som følge af forsinkelserne, og de har heller ikke gjort brug af de garantier, der var givet på vegne af HSY for opfyldelse af dets kontraktlige forpligtelser.
Elefsis claims that OSE and ISAP have not sought to obtain full payment of penalties and default interest which have arisen as a result of the delays, nor have they called upon the guarantees given on behalf of HSY for the good performance of its contractual obligations.
De græske myndigheder har gjort gældende, at HSY betalte alle bøder og relevante rentebeløb i overensstemmelse med sine kontraktlige forpligtelser, og at en enhver genforhandling foregik i overensstemmelse med anerkendt handelspraksis.
The Greek authorities claim that HSY paid all the penalties and relevant interest amounts in accordance with its contractual obligations, and any renegotiation was effected in accordance with accepted commercial practice.
OSE og ISAP gav aldrig afkald på bøder og morarenter.
OSE and ISAP never waived penalties and default interests.
Med hensyn til kontrakterne mellem OSE og HSY blev følgende seks programaftaler (i det følgende »PA«) indgået ved udgangen af 1997: PA 33 SD 33, PA 33 SD 33a, PA 35 SD 35, PA 37 SD 37a, PA 39 SD 39 og PA 41 SD 41a.
As regards the contracts between OSE and HSY, the following six programme agreements (PA) were concluded at the end of 1997: PA 33 SD 33, PA 33 SD 33a, PA 35 SD 35, PA 37 SD 37a, PA 39 SD 39 and PA 41 SD 41a.
De konsortier, som HSY indgik i, foreslog ændringer af de seks kontrakter på følgende vilkår:
The consortia of which HSY was part of proposed amendments to the six contracts with the following terms:
konsortiernes betaling af de fastsatte bøder og morarenter kontant eller i naturalier, efter OSE's valg
payment by the consortia of the established penalties and default interest in cash or in kind, according to OSE’s preference,
udvikling af en prisreguleringsformel på grundlag af de aftalte tidsplaner for levering af de vedvarende kontrakter og ikke på grundlag af de nye tidsplaner for levering, der er foreslået af konsortierne, med henblik på at gøre disse leveringsdatoer acceptable
evolution of the price escalation formula on the basis of the agreed delivery timetables of the enduring contracts, and not on the basis of the new delivery timelines proposed by the consortia, in order to make this delivery dates acceptable,
levering til OSE, til dennes brug uden vederlag, af tilsvarende rullende materiel for på den ene side at gøre de nye tidsplaner for levering, der er foreslået, acceptable og for på den anden side at forhindre, at der påløb yderligere bøder og morarenter.
supply to OSE, for its use without a consideration, of equivalent rolling stock, in order, on the one hand, to make the new delivery timelines proposed acceptable, and, on the other hand, to stop further evolution of the penalty and default interest amounts.
PA 39 (elektriske lokomotiver) blev undtaget fra bestemmelsen om tilsvarende rullende materiel, da OSE ikke havde færdiggjort elektrificeringen af strækningen Patras-Athen-Thessaloniki, og PA 35 var undtaget, fordi konsortiet med hensyn til bøder og morarenter ønskede en fortsættelse i overensstemmelse med kontrakten
PA 39 (electric locomotives) was exempted from the provision of equivalent rolling stock because OSE had not completed the electrification of the Patras-Athens-Thessaloniki line, and PA 35 was exempted because the consortium wished for the evolution of the penalty and default interest amounts to continue in accordance with the contract,
hvis det tilsvarende rullende materiel ikke blev leveret, eller hvis leveringen (af materiellet i henhold til kontrakten) var forsinket, ville ordningerne i forbindelse med bøder og morarenter fortsætte, med genoptagelse fra det tidspunkt, hvor de blev standset den 31. december 2002.
if the equivalent rolling stock was not supplied or if delivery (of the material provided for in the contract) was late, the penalty and default interest arrangements would continue to evolve, with recommencement from the point at which they were stopped on 31.12.2002.
Den 7. januar 2003 godkendte OSE's bestyrelse de foreslåede ændringer.
On 7.1.2003 the board of OSE approved the proposed amendments.
Tre programaftaler (33a, 35 og 39) blev ændret i de fire første måneder af 2003, og de tilsvarende ændringskontrakter blev undertegnet henholdsvis den 28. februar 2003, 17. april 2003 og 28. februar 2003.
Three PAs (33a, 35 and 39) were amended in the first four months of 2003, and the corresponding amending contracts were signed on 28.2.2003, 17.4.2003 and 28.2.2003, respectively.
Stillet over for det dilemma at skulle vælge mellem ophævelse eller ændring af programaftalerne og i betragtning af behovene i forbindelse med De Olympiske Lege i 2004 vurderede OSE, at det tjente dens forretningsmæssige interesser bedst at godkende konsortiernes forslag om at ændre aftalerne i stedet for at ophæve dem.
Faced with the dilemma of choosing between denunciation or amendment of the PAs, and in view of its requirements for the 2004 Olympic Games, OSE judged that its business interest was best served by acceptance of the proposal of the consortia for amendment of the agreements, rather than by denunciation.
En ophævelse havde frataget OSE muligheden for at få yderligere nye rullende materiel i betragtning af, at det havde taget mindst tre-fire år at gennemføre eventuelle nye procedurer for indkøb af rullende materiel.
Denunciation would have deprived OSE of the acceptance of additional new rolling stock, given that it would have taken at least 3 or 4 years for any new procedures for procurement of the rolling stock to reach fruition.
De ændrede kontrakter var lovlige og i overensstemmelse med de oprindelige kontrakter.
The amended contracts were lawful and in accordance with the original ones.
Efter Grækenlands opfattelse fremgår det af ovenstående, at konsortierne, og dermed HSY, aldrig fik en mere favorabel behandling end OSE's øvrige leverandører, og at OSE gjorde krav på og opkrævede bøde- og rentebeløbene i alle tilfælde.
The above information shows in the opinion of Greece that the consortia, and thus HSY, were never given a treatment more favourable than that afforded to other suppliers of OSE, and that the penalty and interest amounts were claimed and collected in every case.
Kontrakten indeholdt ingen bestemmelse om morarenter af bødebeløb, men OSE gjorde krav på renterne og fakturerede konsortierne herfor.
The contract made no provision for default interest on penalty amounts, but OSE claimed the interest and invoiced the consortia accordingly.
Det samme er tilfældet med hensyn til beløbene i forbindelse med ISAP, som er faktiske betalinger, som HSY har foretaget, ikke hensættelser.
The same things apply with regard to the ISAP amounts, which are actual payments made by HSY, not provisions.
Det understreges endvidere, at der ikke fandt nogen genforhandling eller ændring sted i forbindelse med programaftale 1/97.
It is emphasised, further, that there was no renegotiation or amendment in the case of programme agreement 1/97.
Denne aftale vedrørte udformning, konstruktion, levering og idriftsætning af fyrre togsæt, hvert bestående af tre vogne.
That agreement provided for the design, construction, delivery and placing in operation of 40 multiple units, each consisting of three vehicles.
Leveringen af togsættene var forsinket, og derfor blev de bøder og renter, der var fastsat i programaftalen, pålagt og tilbageholdt.
The delivery of the units was late, and therefore the penalties and interest envisaged in the programme agreement were imposed and withheld.
Denne foranstaltning er ikke omfattet af EF-traktatens artikel 296, eftersom den udelukkende vedrører civile aktiviteter.
The present measure does not fall within the scope of Article 296 of the Treaty since it concerns exclusively civil activities.
Kommissionen bemærker, at de græske myndigheder har forelagt detaljerede oplysninger om de pågældende kontrakter, som det kræves i beslutningen om at udvide proceduren.
The Commission observes that the Greek authorities have provided detailed information on the contracts concerned, as requested in the extension decision.
Disse oplysninger har fjernet den tvivl, som Kommissionen gav udtryk for.
On the basis of this information, the doubts raised by the Commission have been allayed.
HSY betalte således bødebeløbene og de relevante rentebeløb i overensstemmelse med sine kontraktlige forpligtelser, og i forbindelse med genforhandlingen af kontrakter fandt Kommissionen ikke bevis for, at genforhandlingerne ikke foregik i overensstemmelse med anerkendt handelspraksis.
Indeed, HSY paid the penalty and relevant interest amounts in accordance with its contractual obligations, and, when renegotiations of contracts took place, the Commission did not find evidence that the renegotiations were not affected in accordance with accepted commercial practice.
Som erkendt af Elefsis selv har forsinkelserne i forbindelse med kontrakternes udførelse kostet HSY et tocifret millionbeløb i euro, netop fordi OSE og ISAP krævede betaling af bøder og morarenter eller alternativt levering af tilsvarende rullende materiel.
As acknowledged by Elefsis itself, the delays in the execution of the contracts have cost tens of millions of euro to HSY precisely because OSE and ISAP requested the payment of the penalties and default interest, or, alternatively, the supply of equivalent rolling stock.
Med hensyn til Elefsis’ påstand om, at hvis OSE og ISAP havde været private virksomheder, havde de afvist alle de ændringer, som konsortierne havde foreslået, og derfor forlangt den fulde betaling af bøder og morarenter og snarere forlangt hurtig betaling i kontanter end en spredning af betalingen over en længere periode, kan det siges, at dette synes højst usandsynligt.
As regards Elefsis’ claim that OSE and ISAP, if they had been private firms, would have turned down all the amendments proposed by the consortia, would have therefore requested the entire payment of the penalties and default interest and would have requested a rapid payment in cash rather than spreading the payments over a longer period, it can be said that this seems highly unlikely.
Hvis OSE og ISAP havde valgt en sådan ufleksibel tilgang inden afslutningen af salget af HSY, havde dette formentlig afholdt den nye ejer fra at købe værftet.
Indeed, if OSE and ISAP had adopted such an inflexible approach before the closure of the sale of HSY, this would have probably deterred the new owner to purchase the yard.
Uden et sådant køb ville værftet, som det vil blive forklaret i forbindelse med analysen af foranstaltning E18c, med al sandsynlighed være gået konkurs.
Without such a purchase, the yard, as will be explained in the analysis of measure E18c, would most probably have gone bankrupt.
Selv efter HDW/Ferrostaals køb af værftet blev dets finansielle situation ikke forbedret.
Even after the purchase by HDW/Ferrostaal, the financial situation of the yard did not improve.
Hvis OSE og ISAP havde valgt en fuldstændig ufleksibel tilgang, var der derfor en reel risiko for, at HSY ville gå konkurs.
Consequently, if OSE and ISAP would have adopted a totally inflexible approach, there was a real risk that HSY would go bankrupt.
Dette betyder, at udførelsen af de eksisterende kontrakter var blevet standset.
This means that the execution of the existing contracts would have been stopped.
Dette betyder, at OSE og ISAP havde været nødt til at iværksætte et nyt udbud, kontrakten var blevet tildelt til en ny leverandør, og leveringen var blevet forsinket i flere år.
This means that OSE and ISAP would have had to organise a new call for tender, the contract would have been awarded to a new supplier, and the delivery would have been delayed by several years.
Under sådanne omstændigheder finder Kommissionen, at en køber, der opererer under markedsøkonomiske forhold, i givet fald accepterer en delvis genforhandling, som gør det muligt at fuldføre den eksisterende kontrakt inden for en rimelig tidshorisont, således at køberen i sidste instans modtager det bestilte rullende materiel med en begrænset forsinkelse.
In such circumstances, the Commission considers that a market economy purchaser may accept a partial renegotiation which allows the completion of the existing contract within a reasonable timeframe, such that the purchaser finally receives the ordered railstock material with a limited delay.