natgillin/translations-raw huggingface dataset:
Med hensyn til den bestemte advokat fra advokatfirmaet, som klager 3 henviste til i sin klage, har Tyskland oplyst følgende:
Since NG is in liquidation, then it should be ensured that there is an appropriate registration of the liability relating to the payment of the aid in the schedule of NG's liabilities, and that there is a definitive cessation of NG's activities.
Kommissionen afviser derfor klager 3's klage som ubegrundet, da de pågældende aktiver blev solgt til den bydende, der på grundlag af en åben, gennemsigtig, ikke-diskriminerende og ubetinget budprocedure afgav det højeste bud med finansieringsdokumentation.
It should also be ensured that no operator will benefit from the incompatible aid after the disappearance of NG.
Klage fra klager 4
Thus, the Commission concludes that NG as the economic successor of the beneficiaries has to be subject to the recovery of the State aid granted to them.
Ifølge sammenligningen i tabel 10 medfører buddet fra Capricorn højere indtægter ved salget i forhold til buddet fra [bydende 2].
Since NG is the aid grantor as well as the economic successor of the aid beneficiaries, recovery must be implemented in such circumstances by the State.
Med hensyn til klager 4's påstande bemærker Kommissionen følgende:
MIB was not liquidated, but merged with NAG on 6 September 2013, and therefore also no longer exists as a legal entity.
Kommissionen noterer sig erklæringen fra kuratoren om, at de to bud fra [bydende 2] og Capricorn gav sælgerne tilstrækkelig finansieringssikkerhed, selv om der ikke med nogen af de to bud blev opnået den størst mulige sikkerhed.
In consequence, NAG is the economic successor of MIB, on the basis of § 2 paragraph 1 of the German Transformation Act (‘Umwandlungsgesetz’), as indicated in the German trade register.
Ved brev af 24. februar 2014 informerede [bydende 2] sælgerne om [bydende 2]-koncernens finansielle kapacitet og oplyste, at der var ca. [930-1030] mio. EUR til rådighed til investeringen.
Therefore, NAG as the economic successor of MIB must pay back the aid.
Kommissionen noterer sig endvidere, at […] med sin finansieringsbekræftelse af 10. marts 2014 tilvejebragte en lånefacilitet, hvorved Capricorn fik stillet ekstern finansiering på i alt højst [41-49] mio. EUR til rådighed.
TTI was liquidated under German Limited Liability Companies Act on 4 December 2007.
Hvad angår »up-front«-betalingerne, havde sælgerne i tilfælde af en endelig kommissionsafgørelse i 2014 i henhold til buddet fra [bydende 2] adgang til [30-33] mio. EUR og i henhold til buddet fra Capricorn til [58-63] mio. EUR (plus ca. 6 mio. EUR fra NBG's cashflow).
TTI was a limited liability company (‘Gesellschaft mit beschränkter Haftung’).
Under hensyntagen til bemærkningerne fra klager 4 og kuratorerne fremgår det ikke, at gennemførelsesrisikoen var større i forbindelse med buddet fra Capricorn i forhold til buddet fra [bydende 2].
By a resolution of the shareholders about liquidation, the company was dissolved.
I henhold til de udvælgelseskriterier, der er nævnt i betragtning 48, var de bydendes ydeevne ikke et udvælgelseskriterium.
The only remaining purpose of TTI was the implementation of liquidation.
Sælgernes kommunikation med [bydende 2] under budproceduren var acceptabel.
The remaining cash assets were then distributed to the shareholders.
[Bydende 2] var ikke hindret i at forbedre eller ændre sit bud indtil kreditorudvalgets møde den 11. marts 2014.
At that moment in time, the company was dissolved.
Kommissionen har derfor ikke fundet bevis for forskelsbehandling af [bydende 2] under budproceduren.
Pursuant to Germany, there was no legal succession in the sense of economic continuity, because at most, cash went to the shareholders, there was no economic activity anymore, and a transfer of the business or a take-over of liability by the shareholders was not carried out.
Indsigelsen om, at [bydende 2] var blevet behandlet dårligere end andre bydende, herunder Capricorn, er derfor ikke begrundet.
Germany also indicated that the assets of TTI were not sold in a tender process, since on 12 March 2004 as the date of the opening of the liquidation of TTI, these assets were only the account balance of EUR 19777,39, tax refund claims of EUR 1222,01 and interests from a bank account of EUR 30,69.
I denne forbindelse bemærkes det, at [bydende 2] afgav et bekræftende bud, forhandlede kontrakten og som næsthøjst bydende med sikret finansiering fik lov til at undertegne det endelige udkast til kontrakt.
As TTI was liquidated as mentioned above, it had no economic successor, especially since there was no economic activity run by anybody after liquidation, and the shareholders did not receive assets or any operational elements of TTI but only a very limited amount of cash.
Med hensyn til kriteriet om en endelig kommissionsafgørelse bemærkes, at med undtagelse af en tranche på [7,1-7,6] mio. EUR skulle de midler, der var stillet til rådighed af [bydende 2], forblive på en spærret konto og overføres til sælgerne senest den 31. marts 2015, enten hvis der forelå en endelig kommissionsafgørelse, eller hvis køberen ikke trådte tilbage fra kontrakten, selv om der ikke forelå en endelig afgørelse (i hvilket tilfælde en forlængelse af tilbagetrædelsesfristen ikke var udelukket).
In this context, since there was no transfer of the business of TTI to anybody, the Commission considers that the State aid stemming from the measure at hand was not passed to anybody else.
Kommissionen afviser derfor klager 4's klage som ubegrundet, da de pågældende aktiver blev solgt til den bydende, der i en åben, gennemsigtig, ikke-diskriminerende og ubetinget budprocedure afgav det højeste bud med finansieringsdokumentation.
In such case, the company has already been fully liquidated, and recovery becomes without object because the aid beneficiary no longer exists and has no economic successor.
Konklusion
ASSESSMENT OF ECONOMIC CONTINUITY BETWEEN THE INSOLVENT COMPANIES AND THE BUYER OF THE ASSETS
På baggrund af ovenstående og på grundlag af de tilgængelige oplysninger har Kommissionen ikke fundet bevis for en tilsidesættelse af princippet om en åben, gennemsigtig, ikke-diskriminerende og ubetinget budprocedure i forbindelse med salget af aktiver tilhørende NG, MSR og CMHN eller for et bud med sikret finansiering, der ligger over Capricorns bud.
EXISTENCE OF STATE AID BENEFITING THE BUYER OF THE ASSETS
KONKLUSION
In the event of a negative Commission decision regarding the recovery of incompatible aid to an undertaking in the context of Articles 107 and 108 TFEU, the Member State in question is required to recover the incompatible aid.
Kommissionen fastslår, at en del af foranstaltning 2 (lån til FSZ) samt foranstaltning 8, 11 og 15 ikke udgør statsstøtte i henhold til artikel 107, stk. 1.
The recovery obligation may be extended to a new company, to which the company in question has transferred or sold part of its assets, where that transfer or sale structure will trigger the conclusion that there is economic continuity between the two companies.
Kommissionen fastslår, at Tyskland ulovligt har gennemført foranstaltning 1, en del af foranstaltning 2 (lån fra NG til EWN, MAN, TTI, Camp4Fun, BWN1, BWNB og BWN2) samt foranstaltning 3-7, 9 og 10, 12-14 og 16-19 i strid med artikel 108, stk. 3, i traktaten om Den Europæiske Unions funktionsmåde.
State aid for the buyer could also result from the sale of the assets under their market value (even in the absence of economic continuity).
Kommissionen er nået til den konklusion, at foranstaltning 1, en del af foranstaltning 2 (lån fra NG til EWN, MAN, TTI, Camp4Fun, BWN1, BWNB og BWN2) samt foranstaltning 3-7, 9 og 10, 12-14 og 16-19 til fordel for Nürburgring GmbH, Motorsport Resort Nürburgring GmbH, Congress- und Motorsport Hotel Nürburgring GmbH, Cash Settlement and Ticketing GmbH, Nürburgring Automotive GmbH, Erlebnispark Nürburgring GmbH & Co. KG, Motorsport Akademie Nürburgring GmbH & Co. KG, Test & Training International GmbH, Bike World Nürburgring GmbH, BikeWorld Nürburgring Besitz GmbH, BikeWorld Nürburgring GmbH, Camp 4 Fun GmbH & Co. KG og henholdsvis IPC Gesellschaft für internationale Projektcoordination mbH og MI-Beteiligungs- und Verwaltungs GmbH udgjorde statsstøtte efter artikel 107, stk. 1, og ikke er forenelige med det indre marked, da de relevante betingelser i rednings- og omstruktureringsrammebestemmelserne ikke er opfyldt, og der ikke er fundet andre grunde til forenelighed.
In order to decide on whether there is State aid benefiting the buyer(s) of the assets, the Commission needs to confirm: (a) that the sale of any assets takes place at their market price; and (b) other criteria addressed below.
Kommissionen konkluderer endvidere følgende:
According to the Court decision on Italy and SIM 2 v Commission [173], on which the Commission founded its decisions on Olympic Airlines, Alitalia and SERNAM [174], the assessment of economic continuity between the ‘old’ entity and the new structures is established based on a set of indicators.
Salget af aktiver tilhørende Nürburgring GmbH, Motorsport Resort Nürburgring GmbH og Congress- und Motorsport Hotel Nürburgring GmbH udgør ikke statsstøtte.
The following factors may be taken into consideration:
Salget af aktiver tilhørende Nürburgring GmbH, Motorsport Resort Nürburgring GmbH og Congress- und Motorsport Hotel Nürburgring GmbH medfører ikke økonomisk kontinuitet mellem Nürburgring GmbH, Motorsport Resort Nürburgring GmbH og Congress- und Motorsport Hotel Nürburgring GmbH og den nye ejer af aktiverne, Capricorn NÜRBURGRING Besitzgesellschaft GmbH, eller dennes datterselskaber.
the scope of the sold assets (assets and liabilities, maintenance of workforce, bundle of assets), the sale price, the identity of the buyer(s), the moment of the sale (after the initiation of preliminary assessment, the formal investigation procedure or the final decision) and the economic logic of the operation.
Derfor vedrører eventuelle tilbagesøgninger af uforenelig statsstøtte ikke Capricorn NÜRBURGRING Besitzgesellschaft GmbH, som har købt de aktiver, der er solgt på grundlag af budproceduren, eller dette selskabs datterselskaber —
This set of indicators was confirmed by the Court in its decision of 28 March 2012 Ryanair v Commission [175], which confirmed the Alitalia decision.
VEDTAGET DENNE AFGØRELSE:
Scope of assets sold
Artikel 1
The Commission observes that the assets taken over by Capricorn represent all of the assets of the insolvent NG, MSR and CMHN, and they relate to the main activities of these companies.
Følgende foranstaltninger, der er gennemført af Tyskland, udgør ikke statsstøtte efter artikel 107, stk. 1, i TEUF:
However, the Commission notes that, in the context of the tender process, the assets of NG, MSR and CMHN were split in 11 individual asset clusters and all bidders were allowed to bid for individual assets, as well as for one, several or all asset clusters (see point 2.5).
Del af foranstaltning 2
Those clusters were formed with a view on the expected economic use of the assets, the expected investors' interest as well as the costs of separating the assets.
lån på i alt 646738,12 EUR ydet af Nürburgring GmbH til Fahrsicherheitszentrum am Nürburgring GmbH & Co. KG mellem den 12. april 2002 og marts 2008
Furthermore, the insolvency administrators did not establish any conditions as regards the future use of the assets.
Foranstaltning 8
The Commission notes that the decision that all the assets were sold to one single company was made by the market, i.e. the economic operators bidding for the assets, not by the insolvency administrators or Germany.
lån ydet af Investitions- und Strukturbank Rheinland-Pfalz GmbH til Nürburgring GmbH den 28. juli 2010 på 96574200 EUR og 113590800 EUR, til Motorsport Resort Nürburgring GmbH på 92000000 EUR og til Congress- und Motorsport Hotel Nürburgring GmbH på 23100000 EUR
Indeed, all the bidders had the possibility to bid for one of the 11 individual clusters of assets, their totality, or specific assets.
Foranstaltning 11
For market driven reasons, the value of the bids for individual assets or clusters of assets did not reach the value of the highest bid for the totality of assets.
lån på i alt 85484000 EUR ydet af Rheinland-Pfälzische Gesellschaft für Immobilien und Projektmanagement GmbH til Motorsport Resort Nürburgring GmbH mellem 27. maj 2008 og 7. juli 2009
This seems to be the consequence of the economic interdependence of the various clusters of assets:
Foranstaltning 15
without the race track, the hotels would not be viable; without the hotels, a profitable exploitation of the race track with professional races, rock concerts and other activities with a large catchment area would be more difficult.
overførsel af 49,5 % af andelene i Motorsport Resort Nürburgring GmbH fra Mediinvest GmbH til Nürburgring GmbH til en pris af 1 EUR den 25. marts 2010
As regards the employees, the tender specifications or the sales contract do not include any specific obligation, e.g. an employment guarantee, to transfer employment contracts to the new owner, apart from what is required by relevant national legislation.
overførsel af 33,8 % af andelene i Motorsport Resort Nürburgring GmbH fra Geisler & Trimmel General Contractor GmbH til Nürburgring GmbH til en pris af 1 EUR den 25. marts 2010
Under German law, the employees are automatically transferred to the buyer of the assets.
overførsel af 6,7 % af andelene i Motorsport Resort Nürburgring GmbH fra Weber Projektierungs- und Realisierungs GmbH til Rheinland-Pfälzische Gesellschaft für Immobilien und Projektmanagement GmbH til en pris af 1 EUR den 25. marts 2010
However, under German labour courts jurisprudence [176], in an insolvency context the buyer can request from the insolvency administrator to terminate employment contracts.
salget af aktiver tilhørende Nürburgring GmbH, Motorsport Resort Nürburgring GmbH og Congress- und Motorsport Hotel Nürburgring GmbH.
Hence in principle the buyer could take a fresh decision on which personnel it wished to offer new employment.
Artikel 2
In the case at hand, in order to achieve an economically viable operation of the acquired assets, Capricorn assessed its needs, in order to achieve viability of its operations, and chose not to receive the entirety of the employees of the sellers but 85 % of them, i.e. 253 of the total 297 employees, on 1 January 2015 (date when Capricorn will start operating the acquired assets).
Følgende statsstøtte, som Tyskland i form af nedenstående foranstaltninger ulovligt har ydet i strid med artikel 108, stk. 3, i traktaten om Den Europæiske Unions funktionsmåde, er uforenelig med det indre marked:
It is maintained however, that since Capricorn could take an independent decision to engage or not existing personnel, the confirmed hiring of existing personnel does not lead to continuity of operations.
Foranstaltning 1
In addition, the management structure and staff is planned to be completely reorganised in 2014.
kapital i form af overførsler til kapitalreserven, som blev stillet til rådighed for Nürburgring GmbH af delstaten Rheinland-Pfalz den 1. maj 2002 til et beløb af 2179000 EUR og den 21. december 2004 til et beløb af 22839241 EUR
Furthermore, the Commission notes that the vast majority of the contracts on the organisation of events significant for the operational business will be terminated after the season 2014.
kapital i form af forhøjelser af egenkapitalen, som blev stillet til rådighed for Nürburgring GmbH af delstaten Rheinland-Pfalz den 31. august 2004 til et beløb af 4398300 EUR og den 4. september 2007 til et beløb af 9000000 EUR og af Landkreis Ahrweiler den 31. august 2004 til et beløb af 488700 EUR og den 4. september 2007 til et beløb af 1000000 EUR
New contracts for the period as from 1 January 2015 will be negotiated and concluded with the customers and suppliers by the operational company established by the buyer.
lån på i alt 6195170,02 EUR ydet af Nürburgring GmbH til Erlebnispark Nürburgring GmbH & Co. KG mellem 1. januar 2006 og 29. april 2009
In this respect, also new contractual partners will be approached.
lån på 100000 EUR ydet af Nürburgring GmbH til Motorsport Akademie Nürburgring GmbH & Co. KG den 10. december 2002
Capricorn itself plans to organise a number of events instead of renting out the race ring to external organisers.
lån på i alt 450000 EUR ydet af Nürburgring GmbH til Camp 4 Fun GmbH & Co. KG mellem 26. maj 2009 og 18. december 2009
The sale price
lån på i alt 500000 EUR ydet af Nürburgring GmbH til BikeWorld Nürburgring Besitz GmbH mellem 17. oktober 2003 og 27. oktober 2004
In order to avoid economic continuity, the assets under the tender process have to be sold at their market price.
lån på i alt 1660000 EUR ydet af Nürburgring GmbH til BikeWorld Nürburgring Besitz GmbH mellem 4. februar 2004 og 22. juli 2005
The market price is the price, which could be set by a private investor acting under market conditions [177].
lån på i alt 1600000 EUR ydet af Nürburgring GmbH til BikeWorld Nürburgring Besitz GmbH mellem 20. september 2005 og 4. april 2007
Germany has sold the assets through an open, transparent, non-discriminatory and non-conditional tender process to the bidder submitting the highest bid with secured financing.
Foranstaltning 3
Firstly, the invitation to submit an expression of interest for the Nürburgring assets did not present any limitation as to the parties that could submit offers, therefore any entity could submit an offer in the tender process.
lån på i alt 399805370 EUR ydet af delstaten Rheinland-Pfalz til Nürburgring GmbH fra 30. juni 2003 til 11. maj 2010
Secondly, as regards the principle of transparency, the sellers provided all bidders with enough time and all the necessary and detailed information, in order to allow them to carry out a proper valuation of the assets.
Foranstaltning 4
According to the letter of KPMG titled ‘Project RING — procedures for the submission of a final offer’, sent to the interested investors on 17 October 2013, the tenderers providing proof of secured financing for the price included in their indicative offers would be granted full access to an electronic data room, they could participate in a meeting with the management of NBG, and they would receive the opportunity to participate in a structured question and answers process.
lån på 300000 EUR ydet af Nürburgring GmbH til Motorsport Resort Nürburgring GmbH den 27. december 2007
On the other hand, tenderers who would not submit the above assurance and proof of necessary financing would only be granted limited access to the electronic data room and to the financial fact book of the sellers, and would be able to meet with the members of the team that prepared the financial fact book, take part in a site visit and meet for the pre-discussion of the draft purchase agreement for the assets.
Del af foranstaltning 5
Furthermore, there was constant communication throughout the tender process between the sellers (KPMG) and all bidders who qualified for the respective step of the tender process, for the purpose of providing those bidders with all relevant information and clarifications, with letters and e-mails exchanged in the period July 2013-April 2014.
lån på i alt 11032060 EUR ydet af Nürburgring GmbH til Cash Settlement and Ticketing GmbH fra 27. august 2008 til 18. april 2011
In this context, those bidders were provided with the answers to their questions or allegations, and with all information regarding the tender's further steps.
hensigtserklæring fra NG til CST af 23. december 2009, hvori NG forpligtede sig til frem til den 31. december 2011 at træffe foranstaltninger, der er nødvendige for at afværge CST's insolvens
For example, in the above context, the following letters and e-mails were sent by KPMG to the bidders:
efterstilling af NG's fordringer over for CST på 10,4 mio. EUR, som NG afgav erklæring om den 13. december 2010
letter of 19 July 2013 informing the bidders of the procedures for the submission of an indicative offer;
Foranstaltning 6
letter of 12 September 2013 informing the bidders of the extension of the deadline for the submission of indicative offers;
vederlag på i alt 640000 EUR betalt af Nürburgring GmbH til IPC Gesellschaft für internationale Projektcoordination mbH for selskabets tjenester, da der skulle findes private investorer
e-mail of 19 September 2013 providing one of the bidders (ADAC) with an update on the financial performance of the Nürburgring;
lån på 2941000 EUR ydet af Nürburgring GmbH til Motorsport Resort Nürburgring GmbH den 15. oktober 2008
letter of 17 October 2013 informing one of the bidders ([Bidder 3]) of the procedures for the submission of a final offer;
Foranstaltning 7
e-mail of 28 October 2013 informing one of the bidders ([Bidder 2]) of the preliminary timings for the meetings with stakeholders;
modydelse på 1476830,88 EUR betalt af Nürburgring GmbH til MI-Beteiligungs- und Verwaltungs GmbH for overdragelsen den 17. april 2009 til Nürburgring GmbH af MI-Beteiligungs- und Verwaltungs GmbH's fordringer på grundlag af lån optaget af Cash Settlement and Ticketing GmbH som låntager
letter of 3 December 2013 informing one of the bidders ([…]) that its Indicative Offer was no longer considered due to the fact that parties who supported that offer had withdrawn and there had been no presentation of alternative financing partners, therefore the offer's financing was considered as not secured and its closing probability was evaluated as insufficient;
Foranstaltning 9
letter of 11 December 2013 providing one of the bidders ([Bidder 3]) with comprehensive and clear explanations to the concerns and allegations that that bidder had raised in a letter of 9 December 2013 (two days earlier);
garanti stillet af delstaten Rheinland-Pfalz den 28. juli 2010 til dækning af gældsforpligtelser indgået af Nürburgring GmbH (96574200 EUR og 113590800 EUR), Motorsport Resort Nürburgring GmbH (92000000 EUR) og Congress- und Motorsport Hotel Nürburgring GmbH (23100000 EUR) på grundlag af lån ydet i forbindelse med foranstaltning 8
letter of 18 December 2013 providing one of the bidders ([Bidder 3]) with comprehensive and clear explanations to concerns and allegations that that bidder had raised in a letter of 11 December 2013 (seven days earlier);
Foranstaltning 10
e-mail of 18 February 2014 requesting one of the bidders ([Bidder 3]) for specific clarifications and confirmations regarding the latter's final offer as provided with an e-mail of 17 February 2014 (one day earlier), in particular requesting that bidder, among other things, to submit proof and evidence of its binding financing commitment e.g. in the form of a binding financing commitment letter, to provide more detail on the specific timing envisaged by that bidder for obtaining the outstanding financing commitments, and to submit an estimation on the time required to finalise the submitted offer with regard to its commercial terms;
Nürburgring GmbH's fastsættelse af en forpagtningsafgift under markedsniveauet, hvilket gav Nürburgring Automotive GmbH en fordel på 9 mio. EUR fra 1. maj 2010 til 31. oktober 2012
and j) e-mail of 9 April 2014 informing one of the bidders ([Bidder 3]) that KPMG had not yet received details on that bidder's envisaged financing structure or written confirmation from third party financing sources to support that bidder's offer, as an answer to that bidder's e-mail of 2 April 2014 (seven days earlier).
Foranstaltning 12
Thirdly, the evidence submitted by Germany shows that there was no discrimination between the tenderers at any stage of the tender process.
garanti stillet af delstaten Rheinland-Pfalz til Investitions- und Strukturbank Rheinland-Pfalz GmbH, hvorved Motorsport Resort Nürburgring GmbH kunne optage lån på 85484000 EUR
Indeed, as is also obvious from the above in recital 235, all bidders received information and clarifications on the tender's selection criteria, rules and procedures, on the deadlines for the submission of indicative and final offers, on the extension of such deadlines, on the financial situation of the Nürburgring, on elements missing from the bidders' indicative or final offers, and on possible queries of the bidders.