natgillin/translations-raw huggingface dataset:
For så vidt angår ækvivalenskriteriet, skelner de franske myndigheder mellem det tilfælde, hvor et krav om kontinuitet i en offentlig service skal opfyldes, og det tilfælde, hvor et sådant krav ikke skal opfyldes.
With regard to the criterion relating to equivalence, the French authorities draw a distinction between the case where a requirement for continuity of the public service would apply and where such a requirement would not apply.
»proceduren«, der blev indført ved lov af 16. juli 1980, analyseret i forhold til ækvivalenstesten — uden krav om kontinuitet i den offentlige tjeneste
the ‘procedure’ introduced by the Law of 16 July 1980 analysed from the perspective of an equivalence test — leaving aside the requirement for continuity of the public service
Såfremt La Poste ikke skulle være i stand til at betale sin gæld, og der ikke gjaldt et krav om kontinuitet i den offentlige service, skulle følgende procedure gælde ifølge de franske myndigheder: I det usandsynlige tilfælde, at der opstår en økonomisk vanskelighed, skal virksomheden i første omgang, og før en situation med utilstrækkelige aktiver, indlede forhandlinger med sine kreditorer med henblik på at iværksætte en gældssaneringsplan.
According to the French authorities, if La Poste were unable to repay its debts and if there were no requirement for continuity of the public service, the following procedure would apply: in the unlikely event of genuine financial difficulty and before reaching the stage of lack of assets, the undertaking would initially be required to open negotiations with its creditors in order to establish a plan for rescheduling liabilities.
Hvis planen i anden omgang ikke anses for tilfredsstillende, eller hvis den ikke gør det muligt at bringe de finansielle vanskeligheder til ophør, og der ikke kan indgås en ny aftale med kreditorerne, kan disse — eller nogle af dem — indbringe sagen for den kompetente domstol for at få dømt debitor og dermed få anerkendt deres fordring.
Next, if the plan was judged unsatisfactory or if it did not bring an end to the financial difficulties, and in the absence of a new agreement with creditors, they — or some of them — could refer the case to the competent court to obtain a judgment against the debtor and therefore have their claim recognised.
Hvis proceduren i henhold til lov af 16. juli 1980 blokeres på grund af La Postes utilstrækkelige aktiver, og det således er fysisk umuligt for tilsynsmyndigheden at skabe de nødvendige ressourcer til at betale det skyldige beløb, idet den ikke har flere aktiver at afhænde, vil proceduren i henhold til lov af 16. juli 1980 være afsluttet.
If the procedure introduced by the Law of 16 July 1980 were to come up against La Poste’s lack of assets, and if the supervisory authority were therefore faced with financial impossibility, not having any more assets to sell in order to generate the resources needed to pay the amount due, the procedure provided for by the Law of 16 July 1980 would be terminated.
I tilfælde, hvor der ikke gælder noget krav om offentlig service, kan anvendelsen af »proceduren«, der blev indført ved lov af 16. juli 1980, ifølge de franske myndigheder således medføre en realisering af alle La Postes aktiver, men i tilfælde af utilstrækkelige aktiver vil denne procedure ikke give mulighed for at betale samtlige La Postes kreditorer.
Therefore, according to the French authorities, assuming that there is no requirement for continuity of the public service, the application of the ‘procedure’ introduced by the Law of 16 July 1980 could result in all La Poste’s assets being sold but, in the event of lack of assets, the procedure would not enable all La Poste’s creditors to be repaid.
Ved afslutningen af proceduren vil kreditorerne mod en enhed omfattet af lov af 16. juli 1980 samlet set have fået det samme beløb igen som kreditorer mod en enhed omfattet af handelsretten, dvs. det beløb, der indkommer ved realiseringen af aktiverne.
At the end of the procedure, the creditors of an entity subject to the Law of 16 July 1980, taken together, would have recovered the same amount as the creditors of an entity subject to commercial law, i.e. the proceeds from the sale of the assets.
Denne procedure adskiller sig kun fra proceduren i henhold til handelsretten i forbindelse med to aspekter:
This procedure differs in only two respects from the procedure applicable under commercial law:
den manglende massebehandling af kreditorerne: I modsætning til den privatretlige procedure, hvor fordringerne massebehandles, og kreditorerne bliver fyldestgjort i faldende rækkefølge efter privilegeret krav og i forhold til det disponible beløb, adskiller proceduren i henhold til lov af 16. juli 1980 sig ved, at kun kreditors anmeldelse af fordringen giver ham mulighed for at sikre sine rettigheder.
the absence of a single procedure for all creditors: unlike the procedure under private law, whereby claims are processed en masse and creditors are satisfied in decreasing order of priority and pro rata from the amounts available, the procedure introduced by the Law of 16 July 1980 is different in that only action by the creditor enables him to protect his rights.
Logikken i loven af 16. juli 1980 er princippet om »først til mølle«
The logic of the Law of 16 July 1980 is ‘first come, first served’,
Det er statens repræsentant, der under forvaltningsdomstolens kontrol (kontrol af grov forsømmelighed, som Conseil d'Etat fastslog i ovennævnte Campoloro-dom fra november 2005) påtager sig en funktion, der svarer til kuratoren i et konkursbo eller bestyreren af aktiver ved insolvensbehandling.
it is the representative of the State who, under the supervision of the administrative court (monitoring for gross negligence as established by the Council of State in the Campoloro judgment of November 2005 cited above), takes on the role equivalent to that of the court-appointed liquidator and administrator.
De franske myndigheder mener, at kreditorerne ved procedurens afslutning ikke vil have flere retsmidler.
The French authorities take the view that at the end of the procedure the creditors would no longer have any redress.
Ifølge de franske myndigheder kan staten nemlig ikke ifalde ansvar alene på grund af utilstrækkelige aktiver.
According to the French authorities, the State cannot be held liable solely on the ground of lack of assets.
På samme måde i forbindelse med den privatretlige procedure, hvor kreditorerne ved afslutningen af konkursen »ikke generhverver deres ret til individualforfølgning«, med forbehold for undtagelser.
Likewise, under the private-law procedure, the creditors ‘do not recover their right to take individual action’, save in exceptional circumstances, at the end of the compulsory winding-up procedure.
Proceduren, der blev indført ved lov af 16. juli 1980, analyseret i forhold til ækvivalenstesten under hensyntagen til kravet om kontinuitet i den offentlige service.
the ‘procedure’ introduced by the Law of 16 July 1980 analysed from the perspective of an equivalence test — taking into account the requirement for continuity of the public service
I tilfælde, hvor kontinuiteten i den offentlige service skal sikres, indrømmer de franske myndigheder, at statens repræsentant under udøvelse af sine beføjelser i henhold til lov af 16. juli 1980 vil kunne beslutte ikke at afhænde visse aktiver, der er nødvendige for varetagelsen af en public service-opgave.
In the event that the continuity of the public service would have to be guaranteed, the French authorities admit that the representative of the State, when exercising the powers conferred by the Law of 16 July 1980, could decide not to sell certain assets needed to perform a public service task.
Undladelsen af at afhænde visse aktiver af hensyn til kravet om kontinuitet i den offentlige service vil, hvis den ikke udløser en erstatning fra staten, give sig udslag i en mindre realisering af aktiver og en tilsvarende nedsættelse af de beløb, kreditorerne kan få tilbage.
The failure to sell certain goods, for reasons relating to the requirement for continuity of the public service, would be reflected, if the State did not pay compensation, in lower proceeds from the assets and a corresponding reduction in the amounts recoverable by creditors.
Proceduren vil ikke give La Postes kreditorer bedre rettigheder end dem, de ville have i medfør af handelsretten.
The procedure would not confer on La Poste’s creditors rights greater than those they would have had under commercial law.
Ifølge de franske myndigheder vil det ækvivalenskriterium, Kommissionen har opstillet, derfor i endnu højere grad være opfyldt.
According to the French authorities, the criterion relating to equivalence set by the Commission would therefore be met a fortiori.
De franske myndigheder indrømmer dog, at statens objektive ansvar i det tilfælde vil kunne gøres gældende og udmøntes i en erstatning til kreditorerne op til det tab, de har lidt, dvs. højst på linje med salgsværdien af de aktiver, som statens repræsentant lovligt har besluttet ikke at afhænde.
Nonetheless, the French authorities admit that, in such an event, the State’s strict liability would then be likely to be incurred and reflected in compensation to creditors of the amount of the loss they have suffered, i.e. at most the market value of the assets that the State representative lawfully decided not to sell.
Ifølge de franske myndigheder vil denne eventuelle erstatning alligevel ikke have anden virkning end at sætte kreditor i den situation, der ville følge af de almindelige regler, og vil således ikke ud fra ækvivalenstesten give ham bedre rettigheder end dem, han ville have efter de almindelige regler.
According to the French authorities, any such compensation would nonetheless merely reinstate the creditor in the situation that would result from the application of ordinary law and could not, therefore, confer on him, with regard to the equivalence test, any rights greater than those he would have under ordinary law.
De franske myndigheder konkluderer, at proceduren, der blev indført ved lov af 16. juli 1980, opfylder de ækvivalens- og offentlighedskriterier, Kommissionen har opstillet, og som er tilstrækkelige til at udelukke, at der skulle være tale om en fordel.
The French authorities conclude that the procedure introduced by the Law of 16 July 1980 fulfils the equivalence and publicity criteria set by the Commission, which are sufficient to rule out the existence of an advantage.
De mener derfor ikke, at det er berettiget direkte at underkaste La Poste den almindelige procedure, der er tung og kompleks.
They take the view that there is therefore no justification for subjecting La Poste directly to the procedure under ordinary law, which is cumbersome and complex.
De af Kommissionen anførte retsakter om, hvad der sker med forpligtelserne, når virksomhedens ressourcer er opbrugt, finder ikke anvendelse på La Poste
The instruments cited by the Commission on the future of the obligations once the establishment’s resources have been exhausted do not apply to La Poste
Ifølge de franske myndigheder kan de retsakter, Kommissionen nævnte i sin indledningsbeslutning, bl.a. i betragtning 69, ikke finde anvendelse og heller ikke overføres på La Poste.
According to the French authorities, the instruments referred to by the Commission in the opening decision, in particular in recital 69, are neither applicable nor transferable to La Poste.
MANGLENDE FORDEL
ABSENCE OF ADVANTAGE
Ifølge de franske myndigheder er Kommissionens analyse af, om der foreligger en selektiv fordel, anlagt efter to vinkler:
According to the French authorities, the Commission’s analysis of the existence of a selective advantage follows two threads:
en cirkelslutning, der bygger på meddelelsen fra 2000 om statsstøtte i form af garantier
a circular argument that is based on the 2000 Guarantee Notice,
en analyse af den påståede foranstaltnings formodede indflydelse på kreditvurderingsbureauerne
an analysis of the presumed influence of the alleged measure on the rating agencies.
Kommissionens meddelelse fra 2000 om statsstøtte i form af garantier gør det ikke muligt at drage den slutning, at der er tale om en fordel i den foreliggende sag
The Commission’s 2000 Guarantees Notice cannot be used to conclude that there is an advantage in the case in question
De franske myndigheder mener, at Kommissionen i betragtning 77 i indledningsbeslutningen foretager en fejlfortolkning af pkt. 2.1.3 i meddelelsen fra 2000 om statsstøtte i form af garantier.
The French authorities take the view that the Commission, in recital 77 of the opening decision, wrongly interprets point 2.1.3 of the 2000 Guarantees Notice.
Når man står over for en virksomhed, hvis retlige form udelukker konkurs- eller andre insolvensprocedurer, indebærer pkt. 2.1.3 ifølge de franske myndigheder, såfremt den pågældende virksomhed har mere gunstige finansieringsvilkår, at disse udgør en statsstøtte i form af garanti.
According to the French authorities, point 2.1.3 implies that, in the case of an enterprise whose legal form rules out bankruptcy or other insolvency procedures, if the enterprise enjoys more favourable funding terms, those terms constitute State aid in the form of a guarantee.
Ifølge de franske myndigheder tyder intet i pkt. 2.1.3 i Kommissionens meddelelse fra 2000 om statsstøtte i form af garantier på, at Kommissionen mener, at det forhold, at en virksomheds retlige form udelukker konkurs, nødvendigvis fører til, at den pågældende virksomhed har mere gunstige finansieringsvilkår.
According to the French authorities, nothing in point 2.1.3 of the Commission’s 2000 Guarantees Notice indicates that the Commission considers that the fact that the legal form of an enterprise excludes the possibility of bankruptcy proceedings necessarily leads to the enterprise enjoying more favourable funding terms.
Endvidere mener de franske myndigheder, at La Poste ikke hører under anvendelsesområdet for pkt. 2.1.3 i Kommissionens meddelelse fra 2000 om statsstøtte i form af garantier, for denne omhandler det tilfælde, hvor den retlige form udelukker enhver konkurs- eller insolvensprocedure og ikke en særlig procedure.
Moreover, the French authorities take the view that La Poste falls outside the scope of point 2.1.3 of the Commission’s 2000 Guarantees Notice because the notice addresses the case where the legal form excludes all bankruptcy and insolvency proceedings, not a specific procedure.
Ifølge de franske myndigheder har Kommissionen imidlertid ikke fastslået, at La Poste ikke kunne gå konkurs og heller ikke, at ingen insolvensprocedure kunne finde anvendelse.
But, according to the French authorities, the Commission has not established that La Poste cannot go bankrupt, nor that all insolvency proceedings were inapplicable.
Manglende statsansvar og -ressourcer
Absence of imputability and of state resources
I betragtning 79 i indledningsbeslutningen minder Kommissionen om kreditvurderingsbureauernes indflydelse på de finansieringsvilkår, virksomhederne opnår.
In recital 79 of the opening decision, the Commission points out the influence of the rating agencies on the funding terms obtained by undertakings.
Efter at have mindet om svaghederne ved kreditvurderingsbureauer hævder de franske myndigheder, at et kreditvurderingsbureaus holdning, når den ikke er underbygget af en præcis analyse af den gældende lovgivning, ikke kan dokumentere en fordel, der kan tilskrives staten, og som kan indebære en statsstøtte.
After highlighting the weaknesses of the rating agencies, the French authorities confirm that the position taken by a rating agency, where it is not underpinned by a precise analysis of the legal framework in force, cannot be used to create an advantage imputable to the State that may constitute State aid.
Selv om denne vurdering i praksis desuden ville give en offentlig erhvervsvirksomhed gunstige finansieringsmuligheder, ville det retligt og i praksis ikke give den nogen adgang til statens ressourcer, hvilket ville være nødvendigt for at kunne tale om statsstøtte.
In addition, even though this assessment would in practice provide an EPIC with advantageous access to funding, in law and in practice it would provide no access to state resources, which would be necessary to establish the existence of State aid.
De franske myndigheder tilføjer, at bureauernes analyser ikke er juridisk objektive, men bygger på en subjektiv vurdering af, hvad statens støtte ville være, hvis den pågældende virksomhed kom i vanskeligheder.
The French authorities add that the analyses by the rating agencies are based, not on an objective legal basis, but on a subjective assessment of state support in the event of the undertaking in question running into difficulty.
Cirkelslutning
Circular argument
Ifølge de franske myndigheder er Kommissionens ræsonnement cirkulært:
According to the French authorities, the Commission’s argument is circular:
Kommissionen bygger efter deres mening hovedsagelig på kreditvurderingsbureauernes udsagn for at fremhæve en økonomisk fordel
the Commission has based its argument on the statements by the rating agencies to highlight an economic advantage,
Markedet og kreditvurderingsbureauerne skal have integreret den manglende statsgaranti for La Poste, men udtrykker fortsat en tvivl, som kun stammer fra den holdning, Kommissionen har givet udtryk for.
the market and the rating agencies have accepted the absence of a state guarantee for La Poste but continue to harbour a doubt that is generated only by the position expressed by the Commission.
Manglende virkning på kreditvurderingen af La Poste
Absence of effect on La Poste’s rating
Under alle omstændigheder fastslås det ifølge de franske myndigheder ikke i indledningsbeslutningen, at kreditvurderingen af La Poste skulle være højere på grund af en påstået ubegrænset statsgaranti.
In any event, according to the French authorities, the opening decision does not establish that La Poste’s rating would be higher because of an alleged unlimited state guarantee.
Kreditvurderingsbureauernes doktrin er ikke tilstrækkelig til at dokumentere en virkning
The doctrine of the rating agencies is not sufficient to identify any effect
De franske myndigheder fremsætter flere bemærkninger om Standard and Poor's undersøgelse med titlen »Influence of Government Support on Ratings«, som Kommissionen citerer i betragtning 80 i indledningsbeslutningen.
The French authorities make a number of comments on the study by Standard and Poor’s entitled ‘Influence of Government Support on Ratings’, cited by the Commission in recital 80 of the opening decision.
I denne undersøgelse skelner Standard and Poor's mellem flere kategorier af statsstøttede postvirksomheder, »government supported postal companies«. Klassificeringen afgør, hvilken metodologi Standard and Poor's anvender til at fastslå den pågældende enheds kreditvurdering.
In the study, Standard and Poor’s identifies a number of categories of government-supported postal companies; the classification determines the methodology applied by Standard and Poor’s to set the rating of the company in question.
De franske myndigheder anfører, at klassificeringen i kategori 1 opfylder brede kriterier såsom arten af aktivitet eller økonomisk og socialt miljø, men ikke siger noget om den kreditvurderede virksomheds status.
The French authorities point out that inclusion in Category 1 depends on broad criteria, such as the nature of the activity and the economic and social environment, but does not refer to the legal form of the rated operator.
De franske myndigheder bemærker, at det franske og italienske postvæsen pr. 22. november 2004 var klassificeret i kategori 2.
The French authorities note that on 22 November 2004 the French and Italian Post Offices were classified in Category 2.
De franske myndigheder udleder af Standard og Poor ' s dokument, at Poste Italianes økonomiske resultater ikke dannede grundlag for kreditvurderingen af det italienske postvæsen.
The French authorities conclude from the Standard and Poor’s document that the financial performance of Poste Italiane did not justify its rating.
Ifølge de franske myndigheder fik det italienske postvæsen således en kreditvurdering, der var påvirket af dets ejers, selvom Poste Italiane har almenretlig status som aktieselskab (SpA).
According to the French authorities, the Italian Post Office therefore benefited from a rating that was influenced by its owner’s rating, even though the Italian Post Office is an SpA under ordinary law.
De franske myndigheder anfører, at Standard og Poor's endelig klassificerede La Poste i kategori 3.
The French authorities point out that Standard and Poor’s eventually classified La Poste in Category 3.
Ifølge de franske myndigheder har de store reformer, der er gennemført siden slutningen af 2004, ført til, at Standard and Poor ' s har klassificeret La Poste i denne tredje kategori.
According to the French authorities, the major reforms implemented since the end of 2004 gradually led Standard and Poor’s to classify La Poste in the third category.
De franske myndigheder udleder heraf, at det ikke kan fastslås, at kreditvurderingen af La Poste kun kan tilskrives virksomhedens status eller en statsgarantiordning, og at denne kreditvurdering kan indebære statsstøtte.
The French authorities conclude that it cannot be established that La Poste’s rating is imputable solely to its legal form or to any state guarantee mechanism, nor that the rating may constitute State aid.
De franske myndigheder indrømmer alligevel, at Standard and Poor's rejste spørgsmålet om La Postes status i sin undersøgelse fra 2004.
Nonetheless, the French authorities admit that the Standard and Poor’s 2004 study raised the question of La Poste’s legal form.
De franske myndigheder forsikrer imidlertid om, at de drøftelser, de siden har haft med Standard and Poor's, har afklaret spørgsmålet.
However, they confirm that the discussions they have had since with Standard and Poor’s have clarified the question.
De franske myndigheder har ligeledes advaret Fitch om, at La Poste ikke er omfattet af nogen statsgaranti, hvorefter bureauet er begyndt at genoverveje spørgsmålet.
The French authorities also informed Fitch about the absence of any state guarantee for La Poste, following which the agency undertook to reconsider the question.
Der er masser af eksempler i den private sektor på, at kreditvurderingen af et datterselskab hænger sammen med moderselskabets
There are many cases in the private sector where the rating of a subsidiary is linked to the parent company’s rating
Ifølge de franske myndigheder finder man også i private koncerner en påvirkning fra tilstedeværelsen af en stabil flertalsaktionær, som kreditvurderingsbureauerne fremhævede i tilfældet Poste Italiane, uafhængigt af særlige vedtægtsmæssige forhold.
According to the French authorities, the influence of the presence of a stable majority shareholder, which was identified by the rating agencies in the case of the Italian Post Office independently of any specific features relating to legal form, is also found in the case of private groups.
De franske myndigheder anfører som eksempler en meddelelse fra Standard and Poor's af 3. december 2003 vedrørende AGF, en meddelelse vedrørende Volkswagen Bank GmbH og en meddelelse vedrørende VWFS .
The French authorities cite as examples a Standard and Poor’s press release on AGF dated 3 December 2003, a press release on Volkswagen Bank GmbH and a press release on VWFS .
Ifølge de franske myndigheder udgør den type tilgang derfor på ingen måde et særligt forhold i den offentlige sektor.
According to the French authorities, this type of approach is therefore in no way specific to the public sector.
Kreditvurderingen af La Poste ville ikke blive ændret i tilfælde af statusændring
La Poste’s rating would not be adjusted if its legal form were changed
Gennem analysen af Standard and Poor's kreditvurdering af La Poste bestræber de franske myndigheder sig på at vise, at denne kreditvurdering ikke afhænger af La Postes status.
Using the analysis for Standard and Poor’s rating of La Poste, the French authorities seek to demonstrate that the rating does not depend on La Poste’s legal form.