natgillin/translations-raw huggingface dataset:
Kommissionen har udarbejdet adskillige vejledninger og meddelelser, der forklarer, hvordan den har til hensigt at anvende undtagelsen i denne artikel.
The Commission has developed several guidelines and communications that explain how it will apply the derogation contained in this Article.
Imidlertid mener Kommissionen, at på grund af støttens art og kendetegn er det indlysende, at undtagelserne fra disse vejledninger og meddelelser ikke finder anvendelse i den foreliggende sag.
However, the Commission considers that because of the nature and characteristics of the aid, it is self-evident that the exceptions under these guidelines and communications are not applicable to the present case.
På grundlag af ovenstående argumenter finder Kommissionen, at foranstaltning 4 og 5 udgør statsstøtte, der ikke er forenelig med det indre marked.
On the basis of the foregoing arguments, the Commission considers that measures 4 and 5 involve state aid that is not compatible with the internal market.
Domstolsovervåget omstruktureringsprocedure (foranstaltning 6)
Court-supervised restructuring proceedings (measure 6)
Finlands hovedargument som beskrevet i betragtning 96-98 er, at Mikkeli Kommune ikke var mere generøs end andre af selskabets kreditorer, men at Mikkeli Kommune handlede sammen med støttemodtagerens private kreditorer og på de samme betingelser.
Finland's main argument, as described in recitals 96-98, is that the City of Mikkeli was not more generous than other creditors of the company, but that the City of Mikkeli acted together with private creditors of the beneficiary and at the same conditions.
Derfor handlede den som en markedsøkonomisk investor, da den accepterede omstruktureringsprogrammet.
Accordingly, it acted like a private market economy investor when agreeing to the restructuring programme.
Det første spørgsmål, der skal undersøges i denne forbindelse, er, hvorvidt der handles som en privatøkonomisk operatør i situationer, hvor en eller flere offentlige enheder, hvis adfærd kan henføres til staten, træffer flere foranstaltninger over for én virksomhed.
The first question to be verified in this context is if the market economy operator test applies to situations where one or several public entities, the behaviour of which is imputable to the State, carry out multiple measures in respect of one undertaking.
Domstolen har behandlet dette spørgsmål i BP Chemicals mod Kommissionen [52].
The General Court has addressed this question in BP Chemicals v Commission [52].
Ifølge Domstolen betyder det forhold, at en offentlig virksomhed allerede har foretaget kapitalindsprøjtninger i et datterselskab, der klassificeres som "støtte", ikke automatisk, at yderligere kapitalindsprøjtninger ikke kan klassificeres som en investering, der opfylder kriterierne for en investering foretaget af en markedsøkonomisk investor.
According to the Court, the mere fact that a public undertaking has already made capital injections into a subsidiary which are classed as 'aid' does not automatically mean that a further capital injection cannot be classed as an investment which satisfies the private market economy investor test.
Kommissionen skal imidlertid afgøre, hvorvidt flere foranstaltninger over for samme virksomhed kan adskilles og betragtes som uafhængige foranstaltninger.
The Commission has, however, to determine whether multiple measures in respect of one undertaking can be reasonably severed and can be seen as independent measures.
I den forbindelse skal man ifølge Domstolen tage højde for kronologien af de pågældende foranstaltninger, deres formål og datterselskabets situation på tidspunktet, da beslutningen om kapitalindsprøjtningen blev truffet [53].
In this context, according to the Court, the chronology of the measures in question, their purpose, and the subsidiary's situation at the time when each decision to make an injection was made have to be considered [53].
I den foreliggende sag skal Kommissionen fastslå, hvorvidt de garantier, der blev ydet i marts og maj 2004 (foranstaltning 4 og foranstaltning 5), kan adskilles fra den domstolsovervågede omstruktureringsprocedure (foranstaltning 6).
In the case at hand, the Commission has to determine whether the guarantees granted in March and May 2004 (measure 4 and measure 5) can be severed from the court-supervised restructuring proceedings (measure 6).
Selv om det er korrekt, at alle tre foranstaltninger blev besluttet inden for et år, bemærkede Kommissionen, at de blev gennemført i forskellige sammenhænge.
Whereas it is true that all three measures have been decided within one year, the Commission observes that they intervened in a different context.
I mellemtiden var en domstolsovervåget omstruktureringsprocedure blevet indledt, hvor alle selskabets kreditorer deltog.
In the meantime, a court-supervised restructuring proceeding had been initiated, in which all creditors of the company participated.
Formålet med foranstaltning 6 var derfor ikke længere at give selskabet mulighed for igen at blive levedygtigt uden insolvens ved at skaffe nye midler fra private banker.
The purpose of measure 6 therefore was no longer to enable the company to return to viability without insolvency by obtaining fresh money from private banks.
I stedet sigtede Mikkeli Kommune ligesom alle andre kreditorer mod at maksimere inddrivelsen af deres udestående krav inden for rammerne af den nationale konkurslovgivning.
Rather, the City of Mikkeli, as all other creditors, aimed, in their role as creditors, to maximize the recovery of their outstanding claims under the constraints of the national bankruptcy law.
Derfor mener Kommissionen, at foranstaltning 6 kan adskilles fra foranstaltning 4 og 5.
Therefore, the Commission considers that measure 6 can be severed from measures 4 and 5.
Som beskrevet i betragtning 31, anmodede Karjaportti sammen med sine private kreditorer byretten i Mikkeli om at iværksætte den domstolsovervågede omstruktureringsprocedure i overensstemmelse med loven om omstrukturering af virksomheder 47/1993.
As described in recital 31, Karjaportti, together with its private creditors, filed for court-supervised restructuring proceedings with the District Court of Mikkeli according to the Restructuring of Enterprises Act 47/1993.
Man forelagde et omstruktureringsprogram for retten, der omfattede en beskrivelse af de foranstaltninger, som vurderes her.
A restructuring programme was submitted to the Court, including details of the measures currently under assessment.
Efter at have gennemgået oplysningerne godkendte retten omstruktureringsprogrammet.
The Court, after having checked the details, approved the restructuring programme.
Kommissionen bemærker, at Karjaportti har været genstand for en domstolsovervåget omstruktureringsprocedure i henhold til finsk lov.
The Commission notes that Karjaportti has been subject to court-supervised restructuring proceedings under Finnish law.
Formålet med en sådan domstolsovervåget omstruktureringsprocedure er at genoprette en kriseramt debitors levedygtige virksomhed, at sikre dens fortsatte levedygtighed og at nå frem til en ordning vedrørende gælden.
In fact, the purpose of such a court-supervised restructuring proceeding is to rehabilitate a distressed debtor's viable business, to ensure its continued viability and to achieve debt arrangements.
Derfor mener Kommissionen, at de foranstaltninger, som Mikkeli Kommune har truffet under den domstolsovervågede omstruktureringsprocedure, kan vurderes i henhold til det markedsøkonomiske investorprincip.
Therefore, the Commission considers that the measures taken by the City of Mikkeli during the court-supervised restructuring proceeding can be assessed according to the market economy investor principle.
Ifølge retspraksis fra Magefesa-sagen [54] gælder det, at hvis staten er mere generøs end selskabets øvrige kreditorer, kan foranstaltningerne under en domstolsovervåget omstruktureringsprocedure udgøre statsstøtte.
According to the Magefesa case law [54], if the state is more generous than other creditors of the company, measures under a court-supervised restructuring procedure can constitute state aid.
Derfor efterprøver Kommissionen, hvorvidt de private og offentlige kreditorer blev behandlet ens ved omstruktureringsproceduren.
Accordingly, the Commission verifies whether indeed the private and the public creditors were equally treated in the restructuring proceedings
For det første bemærkes det generelt, at […] af de omstrukturerede gældsposter (omkring [30-70] %) vedrører private kreditorer.
First, it is noted that overall, the […] of restructuring debts (approximately [30-70] %) is owed to private creditors.
De vigtigste private kreditorer er Nordea Bank, Pohjola Bank og Nordea Financing.
The main private creditors are Nordea Bank, Pohjola Bank and Nordea Financing.
For det andet kan man konstatere, at Karjaporttis kreditorer blev opdelt i forskellige grupper i henhold til deres prioritering.
Second, it has to be considered that the creditors of Karjaportti were divided into different groups, according to their ranking.
Sammen med de private kreditorer Nordea Bank, OKO/Pohjola Bank og Nordea Financing samt det statsejede specialiserede finansieringsselskab Finnvera tilhørte Mikkeli Kommune gruppen af kreditorer med store sikrede gældsposter.
Together with the private creditors Nordea Bank, OKO/Pohjola Bank and Nordea Financing as well as the state owned specialised financing company Finnvera, the City of Mikkeli belonged to the group of creditors of large secured debts.
Som det fremgår af tabel IV ejer Mikkeli Kommune en andel på [10-40] % af disse store sikrede gældsposter, mens de private kreditorer tilsammen ejer en andel på [30-70] %.
As can be seen in Table IV, within these large secured debts, the City of Mikkeli has a share of [10-40]%, whereas the private creditors together have a share of [30-70] %.
Finnvera ejer en andel på [10-40] %.
Finnvera has a share of [10-40] %.
Nedenfor vurderes hver af de foranstaltninger, som Mikkeli Kommune har truffet, nærmere:
In the following, each of the measures taken by the City of Mikkeli is assessed in more detail:
Nedsættelse af renter på sikrede gældsposter: Som det fremgår af tabel V, var renten på lånene og de øvrige gældsposter (ubetalte afgifter), der blev betragtet som "store sikrede gældsposter", den samme for private og offentlige kreditorer med undtagelse af […].
Reduction of interest rates for secured debts: As can be seen in Table V, the interest rates for the loans and other debts (unpaid charges) which were considered "large secured debts" were the same for private and public creditors, with the exception of […].
Man anser […] højere prioritering for at begrunde forskellen i de anvendte rentesatser.
It is considered that […] higher ranking justifies the difference in the interest rates applied.
Omlægning af lån: Mikkeli Kommunes krav blev udsat i samme omfang som de øvrige sikrede kreditorers krav.
Rescheduling of loans: The claims of the City of Mikkeli were deferred to the same extent as the claims of other secured debtors.
Som det fremgår af tabel VI, skulle Karjaportti betale afdrag til alle sikrede kreditorer fra juli 2009 frem til 2015, hvor størstedelen af afdragene forfalder (43 % af beløbet for hver af de sikrede gældsposter).
As can be seen in Table VI, Karjaportti has to pay instalments to all secured creditors from July 2009 on until 2015, when the biggest part of instalments becomes due (43 % of the capital of each of the secured debts).
De afdrag, der skal betales til de enkelte kreditorer, svarer alle til de respektive kreditorers andel af det samlede beløb (2 % af det udestående beløb for de første tre rater, 4 % for de næste to rater, 6 % for den resterende rate).
The instalments to be paid to each creditor all have the same proportion in relation to the overall amount of the claim of the respective creditor (2 % of the outstanding amount for the first three instalments; 4 % for the next two instalments; 6 % for the remaining instalment).
Den sidste rate udgør 43 % af kapitalen for hver af de sikrede kreditorer.
The last instalment amounts to 43 % of the capital for each of the secured creditors.
Dermed er Mikkeli Kommune ikke blevet behandlet mindre fordelagtigt end de private kreditorer i en tilsvarende situation.
Accordingly, the City of Mikkeli has not been treated less favourable than the private creditors in a similar situation.
På denne baggrund er […] ikke nødt til at afskrive gældsposter ved afslutningen af den domstolsovervågede omstruktureringsprocedure, idet man er den højest prioriterede kreditor.
Against this background, […] does not have to waive debts at the end of the court-supervised restructuring proceedings, as it is the highest ranking creditor.
Beløbet for de øvrige kreditorer blev ligeledes fastsat i henhold til den omtalte metode, hvilket resulterede i de beløb, der er anført i betragtning 43.
The amounts for the other creditors were also determined according to the said methodology, resulting in the amounts presented in recital 43.
Den metodologi, der blev anvendt til at fastsætte de respektive beløb, kan betragtes som troværdig, især fordi den sætter den respektive prioritering i forhold til de respektive sikkerhedsstillelser i de to scenarier.
The methodology used in determining the respective amounts can be considered credible, in particular as it relates the respective ranking to the value of the respective collateral in the two scenarios.
I praksis var beregningen baseret på uafhængige ekspertvurderinger, og de samme principper blev anvendt for alle kreditorer ved fastsættelsen af det beløb, som de omstrukturerede gældsposter maksimalt kan nedskrives med ved afslutningen af den domstolsovervågede omstruktureringsprocedure.
In practice, the calculation was based on independent expert evaluations, and the same principles were used to all creditors when determining the amounts by which the restructuring debts can be at maximum reduced at the end of the court-supervised restructuring proceedings.
I lyset af dette kan alle kreditorer anses for at være blevet behandlet på lige fod.
In light of this, it can be considered that all creditors were treated on an equal basis.
Samlet set mener Kommissionen, at Mikkeli Kommune ikke blev behandlet mindre gunstigt end de private kreditorer under den domstolsovervågede omstruktureringsprocedure.
Overall, the Commission considers that the City of Mikkeli was not treated less favourably than the private creditors during the court-supervised restructuring proceedings.
Når der forekommer forskelle i forhold til de øvrige kreditorer, var de begrundet i den forskellige kvalitet af de respektive kreditorers sikkerhed.
Where differences to the other creditors occur, they were justified by the different quality of collaterals the respective creditors held.
I lyset af ovenstående må det derfor konkluderes, at støttemodtageren ikke opnåede en fordel efter artikel 107, stk. 1, i TEUF, ved den domstolsovervågede omstruktureringsprocedure.
Therefore, in light of the above, it has to be concluded that the beneficiary did not gain an advantage within the meaning of Article 107(1) of the TFEU from the court-supervised restructuring proceedings.
De betænkeligheder, som Kommissionen gav udtryk for i åbningsbeslutningen, kan afvises, og de i betragtning 31-43 beskrevne foranstaltninger udgør ikke statsstøtte.
The doubts that the Commission raised in the opening decision are dispelled and the measures described in recitals 31-43 do not constitute state aid.
Køb af aktier (foranstaltning 7)
Purchase of shares (measure 7)
For det første bemærker Kommissionen, at købet af aktier ikke var en del af den domstolsovervågede omstruktureringsprocedure.
First, the Commission notes that the purchase of shares was not part of the court-supervised restructuring proceedings.
Finland hævder, at Mikkeli Kommune handlede i overensstemmelse med det markedsøkonomiske investorprincip ved købet af aktierne.
Finland claims that the City of Mikkeli acted in line with the market economy investor principle when purchasing the shares.
Hvis man følger logikken i BP Chemicals-sagen (se betragtning 189-191), skal det for det første fastslås, hvorvidt det markedsøkonomiske investorprincip kan anvendes på foranstaltning 7, idet Mikkeli Kommune allerede tidligere havde gennemført støtteforanstaltninger over for Karjaportti.
First, following the logic of the BP Chemicals case (see recitals 189-191), it has to be determined whether the market economy investor principle can be applied to measure 7, as the City of Mikkeli had already granted aid measures to Karjaportti in the past.
I denne forbindelse bemærker Kommissionen, at foranstaltning 4 og 5 blev truffet forud for den domstolsovervågede omstruktureringsprocedure, mens købet af aktier først fandt sted bagefter.
In this context, the Commission notes that measures 4 and 5 were taken before the beginning of the court-supervised restructuring proceedings, whereas the purchase of shares only took place afterwards.
Mens formålet med foranstaltning 4 og 5 var at give støttemodtageren mulighed for fortsat at have adgang til likviditet, var det efter indledningen af den domstolsovervågede omstruktureringsprocedure klart, at der ville blive taget hensyn til disse behov inden for denne procedure.
In addition, whereas the purpose of measures 4 and 5 was to allow the beneficiary to continue to have access to liquidity, after the beginning of the court-supervised restructuring proceedings it was clear that those needs would be addressed within such proceedings.
Derfor finder Kommissionen, at foranstaltning 7 kan adskilles fra foranstaltning 4 og 5, og at det markedsøkonomiske investorprincip i princippet finder anvendelse på foranstaltning 7.
Therefore, it is considered that measure 7 can be severed from measures 4 and 5 and that the market economy investor principle is in principle applicable to measure 7.
Som beskrevet i betragtning 156, finder det markedsøkonomiske investorprincip anvendelse på en stats køb af jord eller andre aktiver.
As described at recital 156, the market economy investor principle is applicable to the purchase of land or other assets by a state.
Finland fremlagde en vurdering af aktiernes værdi, som var udført af […] [55], et ejendomsforvaltningsbureau i Helsinki.
Finland provided a valuation of the value of the shares, undertaken by […] [55], a real estate management agency based in Helsinki.
Vurderingen er dateret den 29. marts 2005, og aktierne i ejendomsselskabet blev vurderet til mellem 1 mio. og 1,1 mio. EUR. Vurderingen var baseret på værdien af den ejendom, selskabet ejede.
The valuation, dated 29 March 2005, valued the shares in the real estate company between EUR 1 million and EUR 1,1 million. The valuation was based on the value of the property owned by the company.
Der blev anvendt to metoder til at fastslå værdien: kapitalværdien til markedsleje (i henhold til boligstatistikker udarbejdet af Finlands statistiske kontor) og gensalgsværdien (i henhold til udbudspriser).
Two methods were applied to determine the value: the capital value at market rent (after housing statistics compiled by Statistics Finland) and the resale value (after asking prices).
På det tidspunkt hvor aktierne blev solgt, var grunden udlejet til under markedslejen.
At the time the shares were sold, the property was rented out below the market rent level.
I henhold til vurderingen kunne man nå op på markedslejen på to år med den maksimale årlige huslejestigning.
According to the valuation, the market rent level could be reached in two years, with the maximum yearly rent increase.
Derfor blev grundens værdi justeret på købstidspunktet, og i sidste ende købte Mikkeli Kommune aktierne til en pris på 860000 EUR.
Accordingly, the value of the property was adjusted at the time of the purchase and in the end, the City of Mikkeli bought the shares at a price of EUR 860000.
Vurderingen blev foretaget af en uafhængig ekspert.
The valuation was undertaken by an independent expert.
Den anvendte metodologi, der er beskrevet ovenfor, var først at undersøge kapitalværdien til markedsleje og derefter gensalgsværdien.
The methodology used, as described above, was to first check the capital value at market rent, then the resale value.
Begge værdier var baseret på markedsdata, og de to værdier blev anvendt til at fastslå aktiernes værdi, som ligeledes blev justeret til det gældende huslejeniveau på tidspunktet for købet.
Both values were based on market data and the two values were used to determine the value of the shares, which was also adjusted to the rent level prevailing at the time of the purchase.
Denne metodologi anses for troværdig.
This methodology is considered as plausible.
Kommissionen konkluderer, at aktierne i Kiinteistö Oy Suksimäki blev købt til markedspris, og at foranstaltningen ikke indebar en fordel for Karjaportti.
The Commission concludes that the shares in Kiinteistö Oy Suksimäki were bought at a market price and that the measure did not confer an advantage to Karjaportti.
På grundlag af ovenstående er de betænkeligheder, som Kommissionen gav udtryk for i åbningsbeslutningen, elimineret, og det konkluderes, at foranstaltningen ikke udgør statsstøtte.
On the basis of the foregoing, the doubts raised by the Commission in the opening decision have been dispelled and it is concluded that the measure does not include state aid.
Finland anfører, at konverteringen af ubetalte renter til lån er en typisk foranstaltning for domstolsovervågede omstruktureringsprocedurer.
Finland argues that the conversion of unpaid interest rates into loans is a typical measure to court-supervised restructuring proceedings.
Det er korrekt, at en sådan foranstaltning kan betragtes som en typisk bestanddel af domstolsovervågede omstruktureringsprocedurer.
It is true that such a measure can be seen as inherent to court-supervised restructuring proceedings.
I den foreliggende sag var konverteringen af ubetalte renter til lån i 2005 i princippet fastlagt i omstruktureringsprogrammet for alle kreditorer med store sikrede gældsposter ([to private kreditorer] og Finnvera).
In the case at hand, the conversion of unpaid interest rates into loans in the year 2005 was in principle already laid down in the restructuring programme for all creditors of large secured debts ([two private creditors] and Finnvera).
I lyset af dette betragter Kommissionen som sådan ikke konverteringen af ubetalte renter til et lån som statsstøtte.
In light of this, the Commission does not consider the fact that unpaid interest rates were converted into a loan as such as state aid.
Den har imidlertid kontrolleret, hvorvidt den rentesats, som Mikkeli Kommune anvendte over for Karjaportti, gav sidstnævnte en fordel.
It has, however, to be verified whether the interest rate that the City of Mikkeli charged from Karjaportti involved an advantage to the latter.
I denne forbindelse mener Finland, at Mikkeli Kommune handlede i overensstemmelse med det markedsøkonomiske investorprincip, idet private kreditorer konverterede ubetalte renter til lån sammen med Mikkeli Kommune.
In this context, Finland considers that the City of Mikkeli acted in accordance with the private market investor principle, as private creditors converted unpaid interest rates into loans together with the City of Mikkeli.
Først og fremmest mener man i henhold til samme princip som for den domstolsovervågede omstruktureringsprocedure, at det markedsøkonomiske investorprincip kan anvendes for foranstaltning 8, idet denne foranstaltning er adskilt fra foranstaltning 4 og 5 (se betragtning 189-191).
First of all, by the same token as for the court-supervised restructuring proceedings, it is considered that in principle the private market investor principle can be applied to measure 8, as this measure is severable from measures 4 and 5 (see recitals 189-191).