natgillin/translations-raw huggingface dataset:
Der er imidlertid tale om en meget kortfattet og hypotetisk analyse, som først senere blev fremlagt af kurator [14], eftersom den først blev udarbejdet og fremlagt i marts 2014.
Only when the Act was about to expire did the administrator commission a comprehensive economic analysis and call a meeting of the company's creditors to decide whether to continue operating NCHZ or not.
Slovakiet har ikke fremlagt dokumentation for, at den fortsatte drift af NCHZ rent faktisk ville være blevet godkendt ved konkursbehandlingens begyndelse på basis af en tilbundsgående analyse og drøftelser blandt alle kreditorerne, selv om loven ikke var blevet bragt i anvendelse på NCHZ.
In addition, the application of the Act to NCHZ was based, not on considerations which the company's creditors would have taken into account, but on other public policy considerations.
For hvis loven ikke var blevet bragt i anvendelse på NCHZ, ville der være opstået flere negative konsekvenser for virksomheden (f.eks. i form af kunder, der gik over til sikrere leverandører), hvilket ville have ført til en større risiko for, at kreditorerne besluttede sig for at indstille driften på det tidspunkt.
The explanatory memorandum to the Government Decision of 2 December 2009 declaring NCHZ a strategic company under the Act mentions the threat of 1700 jobs being lost directly at NCHZ and an additional 5000 jobs being lost at NCHZ's suppliers if the company closed down.
Lovens anvendelse på NCHZ gav således virksomheden en selektiv økonomisk fordel, fordi virksomheden derigennem blev beskyttet mod de normale konsekvenser af en konkursbehandling efter de normale konkursregler.
It also states that stopping production at NCHZ would negatively affect the performance and competitiveness of the whole chemical industry in Slovakia and thus significantly worsen the position of the whole Slovak economy.
Kurator, kreditorerne og retten blev frataget muligheden for at indstille driften af NCHZ eller foretage betydelige personalenedskæringer (se betragtning 27), enten i begyndelsen af konkursbehandlingen eller senere (dvs. i løbet af 2010) på baggrund af udviklingen i NCHZ's økonomiske situation.
The application of the Act to NCHZ by the Government was, therefore, evidently not justified on the basis of the market economy creditor principle.
Desuden fik NCHZ og tredjemand (f.eks. kunderne og leverandørerne) sikkerhed for, at driften ville fortsætte, hvilket der aldrig er nogen garanti for efter almindelige konkursregler.
Slovakia maintains that, although no decision was taken either by the creditors or the court during the first period, it is likely that the creditors would have decided to continue operating NCHZ even if the Act had not been applied to it.
På baggrund af det ovenstående finder Kommissionen, at lovens anvendelse på NCHZ gav virksomheden en uberettiget økonomisk fordel.
Slovakia refers to a preliminary analysis of 26 October 2009 and public statements made by the administrator in October 2009 (i.e. before the Act entered into force) indicating that the continued operation of NCHZ was his preferred option.
Foranstaltningens selektivitet
However, the preliminary analysis by the administrator is rather sketchy, does not contain any analysis of alternative options (sale of assets or liquidation) and cannot therefore be considered a solid basis that the creditors would have used for deciding on the continued operation of NCHZ.
Beslutningen om at anvende loven på NCHZ og dermed sikre virksomhedens fortsatte drift er en individuel beslutning truffet af den slovakiske regering specielt for NCHZ, og der er følgelig tale om en selektiv foranstaltning.
Furthermore, in December 2009 the court replaced the original administrator of NCHZ with a new one, who might have reached a different conclusion on the basis of a more in-depth assessment.
De slovakiske myndigheder fremfører, at loven var en generel foranstaltning, der fandt anvendelse på alle virksomheder, der opfyldte de deri fastsatte kriterier.
However, any further assessment of the issue was suspended by the entry into force of the Act and thus the creditors and the court were given no opportunity to discuss and decide on the matter from the point of view of their economic interests.
Rent bortset fra, at den relevante foranstaltning ikke er selve loven, men derimod dens anvendelse på NCHZ i henhold til regeringsbeslutningen, bemærker Kommissionen, at den omstændighed, at loven var en generel foranstaltning ifølge EU-domstolenes faste retspraksis ikke udelukker, at den kan give en bestemt virksomhed en selektiv fordel.
Although the creditors and the court decided to continue operating NCHZ after the Act expired, this decision was taken in a different economic situation and was based on a significantly more complex and solid economic assessment produced in December 2010 in view of the expiry of the Act.
For det første gælder, at selv om loven var en generel lovgivningsforanstaltning, tydede sagens omstændigheder på, at den reelt var særligt møntet på NCHZ (i nogle aviser blev loven sågar omtalt som »lex NCHZ«).
That analysis primarily had to take into account that following the first period NCHZ had outstanding liabilities (both public and private) from its previous continued operation totalling EUR 16 million and these had priority over any pre-bankruptcy liabilities.
Loven blev vedtaget en måned efter, at virksomheden var blevet erklæret konkurs, og NCHZ var den eneste virksomhed, den blev anvendt på.
Therefore, the situation for the creditors was not the same as at the beginning of the bankruptcy proceedings when a large part of those liabilities had not yet been incurred.
For det andet var det for at bringe loven i anvendelse på en given virksomhed nødvendigt, at regeringen traf beslutning om at tillægge den status som »strategisk vigtig« virksomhed, eftersom loven ikke automatisk fandt anvendelse på enhver virksomhed, der opfyldte betingelserne i lovens § 1, stk. 2.
In addition, the uncertainty automatically entailed in decision-making under the standard bankruptcy rules was removed by the application of the Act to NCHZ, which guaranteed that at least until the Act expired at the end of 2010 NCHZ would be fully operational.
Og eftersom disse betingelser var formuleret i generelle vendinger, havde regeringen betydelige skønsbeføjelser ved afgørelsen af, hvilke virksomheder der var strategiske [15].
This sent a strong signal to the company's suppliers and customers, who were assured that they could keep trading with NCHZ, because the company would, owing to its strategic company status under the Act, remain fully operational.
Kommissionen finder derfor, at den foranstaltning, der gjorde det muligt for NCHZ at ophobe en stor uindfriet gæld til staten, var en selektiv foranstaltning i artikel 107, stk. 1's forstand.
Since security of supply is an important element for customers in the chemical sector, the application of the Act provided a significant advantage to NCHZ as compared with the standard bankruptcy procedure.
Fordrejning af konkurrencen og påvirkning af samhandelen mellem medlemsstaterne
It gave NCHZ's customers significantly more assurance that, despite any further losses and irrespective of the views and interests of its creditors, NCHZ would continue operating at least until the Act expired.
Den fortsatte drift af NCHZ som følge af lovens anvendelse på virksomheden resulterede i, at NCHZ fik reduceret omkostninger, som virksomheden normalt ellers skulle bære.
NCHZ thus received privileged treatment compared with its competitors in a similar situation.
Driften af NCHZ gav ikke tilstrækkelige indtægter til dækning af alle driftsomkostninger, herunder socialsikringsbidrag og andre udgifter til staten, der opstod under konkursbehandlingen.
The risk of customers switching to other suppliers as a result of bankruptcy is not just a hypothetical one.
Til trods for sin manglende evne til at indfri alle sine forpligtelser, især forpligtelserne over for staten (som forblev uindfriede i de 13 måneder, hvor loven var i kraft), fortsatte NCHZ med at operere på markedet i konkurrence med andre europæiske kemikalieproducenter.
In fact, even with the shield provided by the application of the Act, some customers were lost in 2009 and 2010, as indicated in the administrator's economic analysis produced after the Act expired.
Som beskrevet ovenfor, gav lovens anvendelse på NCHZ desuden virksomheden en økonomisk fordel, som andre virksomheder i en tilsvarende situation ikke nød godt af.
Without the application of the Act the risk that even more sales would be lost owing to the uncertainties created by the bankruptcy proceedings would have been significantly higher.
I særdeleshed må det antages, at det betydeligt mindskede risikoen for tab af kunder og leverandører under konkursbehandlingen.
This would also have increased the risk that the creditors might view the continued operation of NCHZ as no longer making economic sense.
At virksomheden i henhold til loven var nødt til at fortsætte driften, tilskyndede NCHZ's forretningspartnere til at opretholde deres forretningsforhold til virksomheden.
Slovakia provided a hypothetical analysis by the administrator based on the methodology used for the analysis in the second period which shows that, if liquidation had been considered at the beginning of the first period, the outcome of the analysis would not have been different from the outcome of the analysis in the second period.
Den fortsatte drift af NCHZ i henhold til loven gav NCHZ's kunder den forsyningssikkerhed, som har så stor betydning i kemikalieindustrien.
Regardless of the lower level of current liabilities totalling EUR 8,5 million, the proceeds from liquidation would not have been greater than the costs and the current liabilities.
Hvis loven ikke havde fundet anvendelse, ville NCHZ's kunder med større sandsynlighed søge efter andre forsyningskilder af frygt for en pludselig indstilling af driften på grund af den konkursramte virksomheds forværrede økonomiske og finansielle situation.
However, this analysis is very brief and hypothetical and was produced by the administrator only after the event [14], as it was not drawn up and submitted until March 2014.
Når en enkelt virksomheds omkostninger reduceres, kan det sidestilles med driftsstøtte, som fordrejer konkurrencen, eftersom NCHZ's konkurrenter ikke kunne undgå disse omkostninger eller konsekvenserne af manglende betalingsevne.
Slovakia has not demonstrated that the continued operation of NCHZ would really have been approved at the beginning of the bankruptcy period on the basis of a proper in-depth analysis and discussion by all the stakeholders, even if the Act had not been applied to NCHZ.
Foranstaltningerne kan desuden have fordrejet konkurrencen ved kunstigt at fastholde NCHZ på calciumcarbidmarkedet og de andre markeder, virksomheden opererede på.
In fact, if the Act had not been applied to NCHZ, the company would have faced additional negative consequences (such as customers switching to safer suppliers), which would have significantly increased the risk of the creditors opting to discontinue operation at that stage.
Da der kun findes et begrænset antal producenter af calciumcarbid i EU, og da disse produkter er genstand for betydelig samhandel inden for Europa, er det klart, at foranstaltningen også kan påvirke samhandelen mellem medlemsstater.
The application of the Act thus provided NCHZ with a selective economic advantage, as it protected the company from the normal course of the bankruptcy proceedings under the standard bankruptcy legislation.
Konklusion angående statsstøttespørgsmålet
It deprived the administrator, the creditors and the court of the possibility of discontinuing operation of NCHZ or making significant staff cuts (see recital 27), either at the beginning of the bankruptcy proceedings or later on (i.e. in the course of 2010) in view of developments in NCHZ's economic situation.
På baggrund af det ovenstående har Kommissionen draget den konklusion, at beslutningen om at erklære NCHZ for at være en strategisk vigtig virksomhed i lovens forstand gav denne virksomhed en selektiv fordel, kunne tilregnes staten, indebar brug af statsmidler og fordrejede konkurrencen på et marked præget af samhandel mellem medlemsstater.
It also provided NCHZ and third parties (such as customers and suppliers) with a certainty of continued operation, which under standard bankruptcy rules is never guaranteed.
Foranstaltningen udgjorde følgelig statsstøtte efter artikel 107, stk. 1, i TEUF.
In the light of the above, the Commission takes the view that the application of the Act provided NCHZ with an undue economic advantage.
Støttebeløbet svarer til den uindfriede gæld til staten og statslige enheder, som blev ophobet i den periode, hvor loven fandt anvendelse på NCHZ.
Selectivity of the measure
Ud fra oplysningerne fra Slovakiet udgjorde den uindfriede gæld i periodens begyndelse 735817,44 EUR [16].
The decision to apply the Act to NCHZ, thereby guaranteeing its continued operation, is an individual measure adopted by the Government specifically concerning NCHZ and is therefore, by definition, selective.
Ved lovens udløb udgjorde den 5519241,54 EUR [17].
The Slovak authorities argue that the Act was a general measure applicable to all companies fulfilling the criteria laid down in it.
Støttebeløbet udgør derfor 4783424,10 EUR.
Leaving aside the fact that the relevant measure is not the Act itself but its application to NCHZ by the Government's decision, the Commission notes that in accordance with the established case-law of the EU courts the fact that the Act was a general measure does not exclude the possibility of it conferring a selective advantage on a particular entity.
Videreførelsen af driften i henhold til kreditorudvalgets beslutning
First, even though the Act was a general legislative measure the circumstances of the case suggest that it was in fact aimed specifically at NCHZ (some press articles even dubbed the Act ‘lex NCHZ’).
Efter lovens udløb var kurator ikke længere juridisk forpligtet til at videreføre driften af virksomheden.
The Act was adopted one month after the company was declared bankrupt and NCHZ was the only company to which the Act was applied.
Han meddelte kreditorerne (både de sikrede og de usikrede), at NCHZ's tab havde været stigende, lige siden virksomheden blev erklæret konkurs, og at omkostningerne ved at drive virksomheden oversteg indtægterne af denne drift.
Second, for the Act to be applied to a given company, a decision by the Government declaring the company to be ‘strategic’ was required, as the Act did not apply automatically to every company fulfilling the conditions set out in Section 1(2) of the Act.
Til trods for deres kendskab til, at virksomheden var nødlidende, enedes alle kreditorerne i kreditorudvalget samt de sikrede kreditorer i januar 2011 om, at NCHZ skulle fortsætte driften.
In addition, in view of the general wording of those conditions, the Government had significant discretion regarding which companies it considered strategic [15].
Denne beslutning blev siden stadfæstet af konkursretten i overensstemmelse med den slovakiske konkurslov og blev dermed bindende for kurator.
Therefore, the Commission considers that the measure allowing the accumulation of NCHZ's unpaid debts to the State constitutes a selective measure within the meaning of Article 107(1) TFEU.
Tilregnelse og økonomisk fordel
Distortion of competition and effect on trade between Member States
Videreførelsen af driften af NCHZ efter lovens udløb beroede på en beslutning truffet af kreditorudvalget (som repræsenterede de usikrede kreditorer), hvis medlemmer primært var private virksomheder.
The continued operation of NCHZ by virtue of the application of the Act had the effect of reducing costs that NCHZ would otherwise have had to bear.
Af Kommissionens undersøgelser fremgår det, at ingen af medlemmerne af kreditorudvalget eller de sikrede kreditorer havde nogen vetoret i henhold til den slovakiske konkurslov.
The operation of NCHZ did not yield sufficient revenue to cover all operating costs, including social security contributions and other state receivables incurred during the bankruptcy proceedings.
Deres afgørelser blev derimod truffet ved flertalsafstemninger.
Despite its inability to cover all its liabilities, and in particular those vis-à-vis the State (which remained unpaid for the 13 months that the Act was in force), NCHZ remained active on the market offering its products in competition with other European chemical producers.
Ingen af de statslige enheder kunne således have gennemtrumfet et ønske om at få standset den yderligere ophobning af gæld.
Moreover, as described above, the application of the Act provided NCHZ with economic advantages not enjoyed by other companies in a similar situation.
Det må derfor konkluderes, at videreførelsen af NCHZ's drift beroede på en beslutning truffet af de private kreditorer, da de offentlige kreditorer ikke var i stand til at nedlægge veto mod den fortsatte drift af NCHZ.
In particular, it was likely to significantly reduce the risks of losing customers and suppliers during the bankruptcy proceedings.
Beslutningen om at videreføre driften af NCHZ efter lovens udløb kan derfor ikke anses for at kunne tilregnes staten.
The fact that the company was obliged, under the Act, to continue operations encouraged the business partners of NCHZ to maintain their relationship with the company.
Det viser også, at de forskellige offentlige kreditorers beslutning om aktivt at støtte en videreførelse af driften af NCHZ i den anden periode blev truffet samtidigt og under samme vilkår (pari passu) som de private kreditorers beslutning, hvilket betyder, at de offentlige kreditorer handlede i overensstemmelse med det markedsøkonomiske kreditorprincip.
The security of supply for NCHZ customers, particularly important in the chemical industry, was ensured through the continued operation of the business as provided for by the Act.
For fuldstændighedens skyld har Kommissionen set nærmere på den økonomiske analyse, som kurator fremlagde, og som kreditorerne og retten var bekendt med på det relevante tidspunkt.
If the Act had not applied, NCHZ's customers would have been more likely to search for alternative sources of supply for fear of a sudden discontinuation of operations owing to the deteriorating financial and economic situation of the bankrupt company.
Analysen opstiller flere mulige scenarier og sammenligner omkostninger og indtægter ud fra kreditorernes perspektiv.
Reducing a single company's costs amounts to operating aid and thus distorts competition as NCHZ's competitors had to bear those costs or the consequences of inability to pay.
Samtidig ville indtægterne ved salg af individuelle aktiver ligge på omkring 47-52 mio. EUR (uden hensyntagen til omkostningerne ved at afmontere og flytte udstyret).
Furthermore, the measures may have distorted competition by artificially retaining NCHZ on the calcium carbide market and other markets where it was active.
Eftersom den udestående (offentlige og private) gæld, der var stiftet under konkursbehandlingen, (på det tidspunkt 16 mio. EUR) havde forrang, var der ingen af de fordringer, der blev stiftet før konkursen, der ville blive indfriet.
Since there is only a limited number of producers of calcium carbide in the EU and the products are traded Europe-wide, the measure in question also clearly affects trade between Member States.
I analysen anføres det imidlertid, at et salg af virksomheden som en going concern sandsynligvis ville give større indtægter, eftersom en del af teknologiudstyret ville blive ødelagt, hvis driften blev indstillet.
Conclusion on the presence of state aid
Desuden peges der på, at der til trods for det fejlslagne første udbud var adskillige interesserede købere.
In the light of the above, the Commission concludes that the declaration of NCHZ as a strategic company under the Act constituted a selective advantage in favour of that company, was imputable to the State and entailed the use of state resources to distort competition in a market open to trade between Member States.
Som helhed konkluderes det i analysen, at det var i kreditorernes interesse at fortsætte driften af NCHZ og sælge virksomheden som en going concern.
The measure therefore constitutes state aid within the meaning of Article 107(1) TFEU.
Kurators økonomiske analyse var ledsaget af en analyse udarbejdet af NCHZ's ledelse.
The amount of the aid corresponds to the unpaid liabilities due to the State and state entities accumulated during the period when the Act applied to NCHZ.
I denne analyse blev den reelle værdi af virksomhedens aktiver i tilfælde af en standsning af driften kun sat til 15,5 mio. EUR, hvilket gjorde en indstilling af driften endnu mindre tillokkende for kreditorerne.
On the basis of the information provided by Slovakia, the unpaid debt at the beginning of the period stood at EUR 735817,44 [16].
Desuden hævdes det i analysen, at virksomheden ville kunne sælges med et godt resultat, hvis der blev iværksat visse omstruktureringsforanstaltninger; eftersom loven vanskeliggjorde afskedigelser foretog NCHZ først personalenedskæringer efter lovens udløb i begyndelsen af den anden periode.
When the Act expired, the outstanding liabilities stood at EUR 5519241,54 [17].
Som helhed var konklusionen i denne analyse også, at det ville være bedst for kreditorerne, hvis NCHZ blev solgt som en going concern.
Therefore, the aid amount is EUR 4783424,10.
Forslaget om at videreføre driften på basis af disse analyser blev derefter godkendt af alle kreditorerne, både de offentlige og de private.
Continued operation under the decision of the creditors' committee
Kommissionen bemærker, at gælden til i hvert fald nogle af de private kreditorer også var vokset under konkursbehandlingen og var endt med at udgøre 11,5 mio. EUR.
After the Act expired, the administrator was no longer legally obliged to continue the operation of the company.
De havde derfor ingen mulighed for at få direkte indflydelse på denne beslutning og kunne derfor ikke forhindre den fortsatte drift af NCHZ.
Despite being aware of the poor condition of the company, all creditors on the creditors' committee and the secured creditors agreed in January 2011 that NCHZ should continue to operate.
Disse offentlige kreditorer gjorde alt, hvad der stod i deres magt, for at få gælden inddrevet ved at anmelde deres fordringer hos kurator og gøre brug af alle de muligheder, konkursloven gav dem.
This decision was subsequently confirmed by the bankruptcy court in accordance with the Slovak Bankruptcy Act and thus became binding for the administrator.
På baggrund af det ovenstående finder Kommissionen, at de forskellige statslige enheders adfærd stemte overens med en privat kreditors adfærd.
Imputability and economic advantage
Kommissionen har følgelig draget den konklusion, at NCHZ i den anden periode, hvor loven ikke længere fandt anvendelse og NCHZ fortsatte sin drift på basis af kreditorudvalgets beslutning, ikke opnåede nogen fordel i forhold til sine konkurrenter, som virksomheden ikke ville have fået under normale markedsvilkår.
The continuation of NCHZ's operations after the expiry of the Act was based on a decision of the creditors' committee (representative body of non-secured creditors), whose members were mainly private companies.
Eftersom mindst to af de kumulative betingelser for, at der foreligger statsstøtte, (tilregnelse til staten og økonomisk fordel) ikke er opfyldt, har Kommissionen draget den konklusion, at den fortsatte drift af NCHZ på grundlag af kreditorudvalgets beslutning ikke udgør statsstøtte efter artikel 107, stk. 1, i TEUF.
The formal investigation procedure revealed that no member of the creditor's committee or the secured creditors had a veto right under the Slovak Bankruptcy Act.
Ulovlig statsstøtte
In fact, the voting in these bodies took place by majority.
Kommissionen har konkluderet, at lovens anvendelse på NCHZ udgjorde statsstøtte, og konstateret, at denne statsstøtte blev ydet i strid med anmeldelses- og stilstandsforpligtelsen i artikel 108, stk. 3 i TEUF.
Therefore, no state entity could have enforced its interests in stopping further accumulation of the debts.