natgillin/translations-raw huggingface dataset:
I april 2005 udvidede […] omfanget af due diligence-undersøgelsen med henblik på et muligt køb af PZL Wrocław, som var blevet oprettet i 2004.
In April 2005 […] extended the scope of the due diligence with a view to the potential purchase of PZL Wrocław, which had been incorporated in 2004.
I juni 2005 blev dokumentationen videresendt til virksomheden […].
In June 2005 the documentation was given to […].
På basis af den nye privatiseringsstrategi og omstruktureringsplanen 2007-2010 indtrådte […], en […] førende global leverandør af systemer og tjenester til luftfartøjs-, rum- og forsvarssektoren med indtægter på […] i 2009 i forhandlingerne om salget af PZL Wrocław i første kvartal af 2007 og udførte i juli/august 2007 og februar 2008 en due diligence-undersøgelse.
Based on the new privatisation strategy and the 2007-2010 restructuring plan, […], a […] leading global supplier of systems and services to the aviation, space and defence industry which had revenue of […] in 2009 entered into negotiations for the sale of PZL Wrocław in the first quarter of 2007 and carried out a due diligence study for PZL Wrocław in July/August 2007 and February 2008.
Disse forhandlinger var resultatet af et eksisterende industrielt samarbejde.
These negotiations were the result of existing industrial cooperation.
Den 31. januar 2008 afgav […] et tilbud på PZL Wrocławs aktier, som det for første gang forhøjede den 14. februar 2008.
On 31 January 2008, […] made an offer for PZL Wrocław's shares which it increased for the first time on 14 February 2008.
Den 17-18. marts 2008 afholdt repræsentanter fra […] et møde med ARP.
On 17-18 March 2008 […] representatives held a meeting with the IDA.
Nettoaktivværdi
Net asset value
Tilbuddet af 30. september 2008 vedrørte en gældfri virksomhed og var betinget af, at der i 2009 opnåedes finansielle resultater (især nettofortjeneste og EBITDA) i lighed med resultaterne for 2008.
The offer of 30 September 2008 was made for a debt-free company and was conditional upon the financial results for 2009 (in particular, net profit and EBITDA) being similar to 2008.
Især skulle EBITDA nå op på mindst […], og nettofortjenesten for 2009 skulle mindst være på […]; desuden krævedes en salgsvækst på 5 %.
In particular, EBITDA of at least […] was to be achieved and the net profit in 2009 had to be at least […]; in addition, sales growth of 5 % was required.
Virksomheden gennemførte mellem 20. april 2009 og 12. maj 2009 en due diligence-undersøgelse.
This company carried out a due diligence study between 20 April 2009 and 12 May 2009.
På grundlag af denne undersøgelse undertegnede virksomheden den 20. august 2009 sammen med ARP et aftalememorandum (indeholdende en overordnet skitse af den planlagte transaktion) om køb af PZL Wrocławs aktier for et beløb på […].
On the basis of this study, it signed a memorandum of understanding (indicating the general outline of the planned transaction) with the IDA on 20 August 2009 for the purchase of PZL Wrocław's shares for an amount of […].
Som nævnt ovenfor blev PZL Wrocław først oprettet i slutningen af 2004.
As mentioned above, PZL Wrocław was set up at end-2004.
I henhold til planen skulle produktionsaktiverne have været overført og privatiseringsprocessen være sat i gang allerede i 2007.
Under the Plan, the production assets were to have been transferred and the privatisation process was to have been launched as early as 2007.
I fjerde kvartal af 2007 skulle de indledende bud fra potentielle investorer afgives, og i første halvår af 2008 skulle en foreløbig salgsaftale være indgået i kølvandet på forhandlingerne.
Initial offers by potential investors were to be submitted by the fourth quarter of 2007 and, following negotiations, a preliminary sales agreement was to be concluded in the first half of 2008.
Da Kommissionen traf sin beslutning om indledning af undersøgelsesproceduren, havde Kommissionen imidlertid ikke modtaget nogen oplysninger om potentielle investorers interesse i at erhverve PZL Wrocław.
However, at the time when the opening decision was adopted, the Commission had not been informed of any interest on the part of potential investors in acquiring PZL Wrocław.
Ernst & Young-undersøgelsen blev gjort færdig den 24. februar 2010.
The Ernst&Young study was completed on 24 February 2010.
Den var baseret på en forsigtig metode: kun beløb, der kunne inddrives direkte under hvert scenarie, blev kvantificeret.
The study was based on a conservative approach: only the amounts expected to be directly recovered under each scenario were quantified.
I henhold til bilag 2 til rammeaftalen skulle ARP konvertere en del af hovedstolen af 2007-lånet og en del af hovedstolen af 2008-lånet — i alt […] — til andele i PZL Wrocławs egenkapital og likvide aktiver og eftergive renter for […] på 2007-lånet.
Under Annex 2 to the Framework Agreement, the IDA was to convert part of the 2007 loan principal and part of the 2008 loan principal totalling […] into PZL Wrocław's share capital and liquid assets and to waive interest in an amount of […] on the 2007 loan.
Efter denne konvertering skulle PZL Wrocławs egenkapital reduceres ved ansøgning herom til den kompetente domstol.
Following this swap, PZL Wrocław's share capital was to be reduced by lodging an application to that effect with the court with jurisdiction.
Dette tillæg blev udarbejdet den 24. februar 2010.
This supplement was prepared on 24 February 2010.
Det indeholder en analyse af de to scenarier: likvidation af PZL Wrocław som følge af konkurs og salg til investoren.
It analyses two scenarios, bankruptcy leading to the liquidation of PZL Wrocław and its sale to the investor.
Selv om aktiver ikke anvendt som sikkerhed/ubehæftede aktiver udgjorde […] % af værdien af PZL Wrocławs aktiver, ville skattemyndighederne med henblik på fuldbyrdelse af deres krav, i tilfælde af at salget af PZL Wrocław ikke fandt sted, træffe afgørelse i henhold til skattelovens [35] artikel 112 og 118 om, at PZL Wrocław skulle hæfte PZL for Hydrals restancer for 2006-2007.
Even if the unsecured/non-encumbered assets represented […]% of the value of PZL Wrocław's assets, if the sale of PZL Wrocław did not take place, the tax authorities would issue a tax decision pursuant to Articles 112 and 118 of the Tax Code [35] declaring that PZL Wrocław was liable for PZL Hydral's 2006-07 liabilities in order to enforce their claims.
Dette bekræftes af et brev fra skattekontoret i Dolnośląsk den 23. november 2007, hvoraf det fremgår, at fuldbyrdelse vil finde sted i henhold til skattelovens artikel 112, hvis omstruktureringen ikke lykkes.
This is confirmed by a letter from the Lower Silesia Region Tax Office of 23 November 2007, which states that should the restructuring fail, enforcement steps will be taken under Article 112 of the Tax Code.
De polske myndigheder meddelte Kommissionen, at den bogførte nettoværdi af de aktiver, der udgjorde registreret pant for 2008-lånet, beløb sig til 2763000 PLN ifølge den uafhængige ekspertrapport af 1. februar 2008.
The Polish authorities informed the Commission that the net book value of assets serving as a registered pledge for the 2008 loan amounted to PLN 2763000 according to the independent expert report dated 1 February 2008.
Den bogførte værdi af disse aktiver i henhold til de undersøgte regnskaber beløb sig den 1. februar 2008 til 1883098,97 PLN, og i henhold til de undersøgte regnskaber pr. 31. januar 2010 til 1287425,16 PLN.
The book value of these assets according to the audited financial reports amounted to PLN 1883098,97 on 1 February 2008 and the net book value of these assets according to the audited financial reports amounted to PLN 1287425,16 on 31 January 2010.
De offentlige opkrævningsmyndigheder indgik i 2007 et forlig med ARP og PZL Hydral om afvikling af disses gæld; dette forlig blev integreret i planen i november 2007.
The public collecting bodies reached a debt settlement agreement with the IDA and PZL Hydral in 2007, which was incorporated into the Plan in November 2007.
Forliget indeholdt fire grundlæggende elementer:
This agreement contained four essential elements:
Dette valg er påvirket af en række faktorer, såsom om kravet er pantesikret, privilegeret eller regulært, arten og omfanget af eventuel anden sikkerhed, en vurdering af mulighederne for genopretning af virksomhedens rentabilitet — eller en forøgelse af tabene, såfremt dette ikke lykkes — og det udbytte, han vil kunne opnå ved en likvidation.
Its decision is influenced by number of factors, including the creditor's status as the holder of a secured, preferential or ordinary claim, the nature and extent of any collateral it may hold, its assessment of the likelihood of the company being restored to viability and the risks of its losses increasing in the event of this not taking place and the amount it would receive in the event of liquidation. If it turned out, for example, that in the event of the company being liquidated, the realisation value of its assets sufficed only to cover mortgage and preferential claims, ordinary claims would have no value.
Kommissionen bemærker først og fremmest, at 2009-tilbuddet fra […] på […] var lavere end 2008-tilbuddet fra …] på […].
The Commission notes first that […]'s 2009 offer ([…]) was […] lower than […]'s 2008 offer.
Efter Kommissionens opfattelse afspejler denne forskel forværringen af PZL Wrocławs situation, idet virksomheden, som i 2008 havde været rentabel og havde haft gode fremtidsudsigter, i 2009 var begyndt at udvise tegn på vanskeligheder som et resultat af det betragteligt reducerede omfang af ordrer fra forsvarsministeriet.
The Commission takes the view that this difference reflects the deterioration in the situation of PZL Wrocław, which in 2008 had been profitable and with good prospects, whereas by 2009 it was showing signs of difficulties, mainly as a result of the significant downturn in orders from the Ministry of Defence.
I tillægget til Ernst & Young-undersøgelsen vurderes disse to scenarier.
The supplement to the Ernst&Young study assessed these two scenarios.
Kommissionen vurderede Ernst & Young-undersøgelsen kritisk for at fastslå, om dens resultater tåler en kritisk gennemgang, og om de viser, at ARP ved at indgå forliget udviste samme adfærd som en privat kreditor i en lignende situation ville have udvist, og inddrog den i betragtning 188 og 189 ovenfor citerede retspraksis.
The Commission has critically assessed the Ernst&Young study to determine whether its findings withstand scrutiny and demonstrate that, by agreeing to the settlement, the IDA behaved like a private creditor in a comparable situation, relying on the case-law quoted in points 188 and 189.
1 USD = 3,3 PLN, vekselkursen den 22. juni 2010.
USD 1 = PLN 3,3 as at 22 June 2010.
Vekselkursen på denne dato er anvendt ved alle omregninger fra USD til PLN i denne afgørelse. Disse omregninger til PLN er alene foretaget med henblik på orientering.
The exchange rate on that day has been used for all amounts converted from USD into PLN in this decision; these amounts are provided as a basis of comparison with the PLN for guidance only.
Drejer det sig imidlertid om bestemmelserne om beregning af renter af disse beløb, refereres der i retsforskrifterne til skatteloven af 29. august 1997.
While authorities such as the Social Insurance Fund have their own legal provisions requiring the recovery of contributions not paid in time, as regards the rules governing the calculation on interest on these amounts, the legal provisions refer to the Tax Code of 29 August 1997.
Tabellen viser de årlige rentesatser, der ofte ændres.
The table shows the annual interest rates as these are subject to frequent changes.
De detaljerede regler for beregning af renter af skatterestancer er fastsat ved finansministerens bekendtgørelse af 22. august 2005 (Dz.U. nr. 165, pos. 1373) og før dette ved finansministerens bekendtgørelser af 1997, 2001 og 2002.
The detailed rules governing the calculation of interest charged on tax arrears are set out in the Regulation of the Minister for Finance of 22 August 2005 (Journal of Laws No 165, item 1373) and previously in the 1997, 2001 and 2002 Regulations of the Minister for Finance.
Ved præsentationen af ændringer i restancer til offentlige kreditorer er der taget hensyn til eventuelle delvise tilbagebetalinger af de skyldige beløb.
Changes in liabilities vis-à-vis public-law creditors take account of any partial repayments of the amounts owed.
Militært udstyr gennemgår en certificeringsproces, der er specifik for udstyret, i overensstemmelse med det polske militærs tekniske krav, idet udstyret på hvert enkelt produktionsstadie er dokumenteret særskilt, og produkterne (og den hertil knyttede vedligeholdelse) er under tilsyn fra en permanent militær repræsentant ved virksomheden.
Military products undergo certification specific to the product type in accordance with the technical requirements of the Polish armed forces. Individual documentation is provided at each stage and these products (and the associated maintenance services) are supervised by a resident military representative.
Virksomhedens nettotab var i 2006 på 1 mio. PLN, mens dens nettofortjeneste, der i 2007 var på 0,04 mio. PLN, steg drastisk i 2008 til 8,7 mio. PLN.
The net loss in 2006 was PLN 1 million, while in 2007 the net profit was PLN 0,04 million, increasing sharply to PLN 8,7 million in 2008. (48) According to PZL Wrocław's financial reports, the value of its non current assets increased from PLN 4,8 million in 2006 to PLN 25,7 million in 2007, PLN 27 million in 2008 and PLN 29 million in 2009. Under the Polish Budget Act, financial resources for military purchases are allocated annually by the Ministry of Defence. In 2008 PZL Wrocław received contracts for and sold military goods (e.g. hydraulic systems, pneumatic components for fuel control systems) to an amount of […] and provided the Ministry of Defence with maintenance services worth […], i.e. an overall amount of […].
I 2009 fik PZL Wrocław imidlertid finansielle problemer som følge af et voldsomt fald i ordrerne fra forsvarsministeriet, som skyldtes den økonomiske krise.
In 2009, the value of ordered and sold military goods (e.g. hydraulic systems, pneumatic components for fuel control systems) fell to […], and the value of maintenance services provided fell to […]. As a result, sales of military goods decreased by […]% compared with 2008.
V = Cn(1-Lu/100) × R,
V = Cn(1-Lu/100) × R
F.eks. blev Autoglass Group SA, der havde en regnskabsmæssig værdi på 19,8 mio. PLN, ved konkursbehandlingen solgt for 6 mio. PLN.
By way of an example, Autoglass Group SA, which had a balance-sheet value of PLN 19,8 million, was sold in bankruptcy proceedings for PLN 6 million. In addition, the PZL Wrocław assets in question which served as a registered pledge include many low-value items.
I 2002 indledte de polske myndigheder, stadig med støtte fra private og offentlige kreditorer, forhandlinger med […], idet kreditorerne blev holdt regelmæssigt orienteret om udviklingen i forhandlingerne (jf. betragtning 30 og 56).
In 2002 the Polish authorities, still with the support of private and public creditors, entered into negotiations with […]. These creditors were given regular updates on the progress made (see points 30 and 56).
Sag C-342/96, Kongeriget Spanien mod Kommissionen, Sml. 1999 I, s. 2459, præmis 46; sag C-256/97 DMT, Sml. 1999 I, s. 3919, præmis 24; sag T-152/99, HAMSA mod Kommissionen, Sml. 2002 II, s. 3049, præmis 167; sag T-198/01, Technische Glaswerke Ilmenau mod Kommissionen, Sml. 2010 II, s. 2717, præmis 99; sag T-68/0,3 Olympic Airways mod Kommissionen, Sml. II, s. 2911, præmis 283.
Case C-342/96 Spain v Commission [1999] ECR I-2459, paragraph 46; Case C-256/97 DMT [1999] ECR I-3913, paragraph 24. Case T-152/99 HAMSA v Commission [2002] ECR II-3049, paragraph 167. Case T-198/01 Technische Glaswerke Ilmenau v Commission [2004] ECR II-2717, paragraph 99; Case T-68/03 Olympic Airways v Commission [2007] ECR II-2911, paragraph 283.
Sag C-256/97, DMT, Sml. 1999 I, s. 3919, præmis 30; Sag T-152/99, HAMSA mod Kommissionen, Sml. 2002 II, s. 3049, præmis 168; sag T-46/97, SIC mod Kommissionen, Sml. 2000 II, s. 2125, præmis 95; sag T-68/03, Olympic Airways mod Kommissionen, Sml. II, s. 2911, præmis 283.
Case C-256/97 DMT [1999] ECR I-3913, paragraph 30. Case T-152/99 HAMSA v Commission [2002] ECR II-3049, paragraph 168. Case T-46/97 SIC v Commission [2000] ECR II-2125, paragraph 95. Case T-68/03 Olympic Airways v Commission [2007] ECR II-2911, paragraph 283.
af 15. november 2010
of 15 November 2010
om Den Tjekkiske Republiks fritagelse for anvendelsen af beslutning 2006/679/EF om den tekniske specifikation for interoperabilitet gældende for delsystemet Togkontrol og signaler i det transeuropæiske jernbanesystem for konventionelle tog på strækningen Strančice–České Budějovice
granting the Czech Republic a derogation from the application of Decision 2006/679/EC concerning the technical specification for interoperability relating to the control-command and signalling subsystem of the trans-European conventional rail system to the line Strančice–České Budějovice
(meddelt under nummer K(2010) 7789)
(notified under document C(2010) 7789)
under henvisning til Kommissionens beslutning 2006/679/EF [1] af 28. marts 2006 om den tekniske specifikation for interoperabilitet gældende for delsystemet Styringskontrol og signaler i det transeuropæiske jernbanesystem for konventionelle tog, særlig punkt 7.1.3 I bilaget hertil, og
Having regard to Commission Decision 2006/679/EC of 28 March 2006 concerning the technical specification for interoperability relating to the control-command and signalling subsystem of the trans-European conventional rail system [1], in particular the Annex, Section 7.1.3, thereof,
Ved Kommissionens beslutning 2009/561/EF [2] om ændring af beslutning 2006/679/EF fastlagdes gennemførelsesbestemmelserne for den tekniske specifikation for interoperabilitet vedrørende delsystemet Togkontrol og signaler i det transeuropæiske jernbanesystem for konventionelle tog.
Commission Decision 2009/561/EC [2] which amended Decision 2006/679/EC, established the implementing rules of the technical specification for interoperability relating to the control-command and signalling subsystem of the trans-European conventional rail system.
Ifølge punkt 7.1.3. i den tekniske specifikation for interoperabilitet vedrørende delsystemet Togkontrol og signaler i det transeuropæiske jernbanesystem for konventionelle tog skal der installeres ERTMS/ETCS, når der foretages nyinstallation eller opgradering af togsikringsdelen i en togkontrolenhed i forbindelse med jernbaneinfrastrukturprojekter, der får finansieringsstøtte fra Den Europæiske Fond for Regionaludvikling og/eller Samhørighedsfonden.
In accordance with Section 7.1.3 of the technical specification for interoperability relating to the control-command and signalling subsystem of the trans-European conventional rail system, the fitting of ERTMS/ETCS is mandatory in the case of an upgrade or new installation of the train protection part of a CCS assembly for railway infrastructure projects receiving financial support from European Regional Development Funds and/or Cohesion Funds.
Ved fornyelse af signalanlæggene på korte (under 150 km) og usammenhængende strækningsafsnit kan Kommissionen indrømme midlertidig fritagelse for denne regel, forudsat at den berørte medlemsstat forelægger Kommissionen et dossier om sagen.
When signalling is renewed on short (less than 150 km) and discontinuous sections of a line, the Commission may grant temporary derogation to this rule, provided the Member State concerned forwards a file to the Commission.
Dossieret skal indeholde en økonomisk analyse, der viser, at der ligger en væsentlig økonomisk og/eller teknisk fordel i at tage ERTMS i drift på et senere udrustningstidspunkt i stedet for under gennemførelsen af det EU-finansierede projekt.
This file shall contain an economical analysis showing that there is a substantial economical and/or technical advantage in putting ERTMS into service at a later date for equipment rather than during the course of the EU-funded project.
Kommissionen analyserer det forelagte dossier og de foranstaltninger, medlemsstaten foreslår, og informerer det udvalg, der er nævnt i artikel 29 i Europa-Parlamentets og Rådets direktiv 2008/57/EF [3], om resultaterne af analysen.
The Commission shall analyse the file submitted and the measures proposed by the Member State and shall inform the committee referred to in Article 29 of Directive 2008/57/EC of the European Parliament and of the Council [3] of the result of its analysis.
Gives der en fritagelse, skal medlemsstaten sikre, at ERTMS installeres senest fem år efter projektets afslutning, eller så snart strækningsafsnittet forbindes med en anden ERTMS-udrustet strækning.
When a derogation is granted, the Member State shall ensure that ERTMS is installed at the latest 5 years after the end of the project and as soon as the section of the line is connected to another ERTMS equipped line.
Strækningen Strančice–České Budějovice vil blive gradvis opgraderet i tiden frem til 2016, hvorved nogle afsnit bliver eller vil blive finansieret af Den Europæiske Fond for Regionaludvikling og/eller Samhørighedsfonden.
The line Strančice–České Budějovice will be gradually upgraded until 2016, whereby some sections are or will be receiving financial support from European Regional Development Funds and/or Cohesion Funds.
Strækningen Strančice–České Budějovice er under 150 km og ikke forbundet med en anden strækning, der allerede er udstyret med ERTMS.
The line Strančice–České Budějovice is shorter than 150 km and is not connected to an already ERTMS equipped line.
Den 24. januar 2010 sendte de tjekkiske myndigheder en anmodning om fritagelse såvel som et dossier til Kommissionen, der viser, at der er store økonomiske og tekniske fordele ved at sætte ERTMS i drift ved udgangen af 2018, og ikke mens gennemførelsen af det EU-finansierede projekt sættes i gang.
On 24 January 2010, the Czech authorities sent a request for derogation to the Commission together with a file showing that there is a substantial economical and technical advantage in putting ERTMS into service by the end of 2018 rather than during the course of the EU-funded project.
I overensstemmelse med Europa-Parlamentets og Rådets forordning (EF) nr. 881/2004 [4] afgav Det Europæiske Jernbaneagentur teknisk udtalelse om anmodningen om fritagelse den 20. maj 2010.
In accordance with Article 15 of Regulation (EC) No 881/2004 of the European Parliament and of the Council [4], the European Railway Agency provided its technical opinion on the request for derogation on 20 May 2010.
Den tekniske udtalelse anfører, at dossieret indeholder de elementer, der kræves for at opnå fritagelse, men foreslår, at der indhentes bekræftelse på, at udbuddet vil indeholde en mulighed for installation af ERTMS-udstyr på strækningen.
This technical opinion indicated that the file submitted contains the elements required for a derogation but suggested to obtain confirmation that the tender would contain an option for the ERTMS equipment of the line.
Den 7. juni 2010 bekræftede de tjekkiske myndigheder, at udbuddet for det sidste delafsnit indeholder en specifik mulighed for installation af ERTMS-udstyr på strækningen.
The Czech authorities confirmed on 7 June 2010 that the tender for the last subsection will contain a clear option for the ERTMS equipment of the line.
Kommissionen har informeret det udvalg, der er nedsat i medfør af artikel 29 i direktiv 2008/57/EF, om resultatet af dens analyse —
The Commission informed the Committee set up by Article 29 of Directive 2008/57/EC of the result of its analysis,
Den af den Tjekkiske Republiks fremsatte anmodning om fritagelse for forpligtelsen til at gennemføre TSI’en for togkontrol og signaler for konventionelle tog for strækningen Strančice–České Budějovice imødekommes hermed.
The derogation from the obligation to implement the TSI control command and signalling of the trans-European conventional rail for the line Strančice–České Budějovice requested by the Czech Republic is hereby granted.
Fritagelsen er gældende til den 31. december 2018.
This derogation is granted until 31 December 2018.
Udfærdiget i Bruxelles, den 15. november 2010.
Done at Brussels, 15 November 2010.