natgillin/translations-raw huggingface dataset:
I henhold til TEUF og Domstolens retspraksis har Kommissionen, når den har fastslået, at støtte er uforenelig med det indre marked, kompetence til at beslutte, at den pågældende stat skal ophæve eller ændre den.
Given the sensible estimation of the risks which occur in case of Ilva's insolvency provided by independent legal advisors, the mere fact that Fintecna decided to settle only then and not before the above Law Decree was adopted, does not change the qualification of the decision to settle as a rational decision that a market economy operator would have taken in a similar situation.
Domstolen har ligeledes konsekvent statueret, at formålet med en medlemsstats forpligtelse til at ophæve støtteforanstaltninger, som Kommissionen anser for uforenelige med det indre marked, er at genoprette den oprindelige situation.
Indeed, a prudent loss-averse operator may prefer to settle a dispute amicably rather than resorting to a judge or arbitrator after continued litigation in circumstances where its liability is not questionable as such and its exposure could lead to amounts between […] and […] higher than the immediately settled amount.
I tråd med retspraksis fastlægges følgende i artikel 16, stk. 1, i Rådets forordning (EU) 2015/1589: »I negative beslutninger om ulovlig støtte bestemmer Kommissionen, at den pågældende medlemsstat skal træffe alle nødvendige foranstaltninger til at kræve støtten tilbagebetalt fra støttemodtageren«.
Considering the fact that steps undertaken by Fintecna correspond to the behaviour of a rational market economy participant and that the process preceding the decision reflects the prudent approach Fintecna took towards the amount of a possible settlement to be reached with Ilva, the Commission concludes that paying less than its own estimates is in principle a reasonable decision of a private market operator in settlement and as such is not liable to confer an advantage on Ilva.
Da de omhandlede foranstaltninger blev iværksat i strid med traktatens artikel 108 og skal betragtes som ulovlig og uforenelig støtte, skal støtten således tilbagesøges med henblik på at genoprette den situation, som eksisterede på markedet, inden støtten blev ydet.
Conclusion on measure 4
Tilbagesøgning skal finde sted fra det tidspunkt, hvor støttemodtageren opnåede fordelen, dvs. da støtten blev stillet til rådighed for støttemodtageren, og indtil den faktiske tilbagebetaling, og de tilbagesøgte beløb bør pålægges renter indtil den faktiske tilbagebetaling.
The Commission has shown that measure 4 does not confer an economic advantage on Ilva.
På baggrund af vurderingen ovenfor i punkt 5.2.3 og 5.2.5 skal støtteelementet i foranstaltning 3 og 5 tilbagesøges som følger:
Since the criteria laid down in Article 107(1) TFEU are cumulative, the Commission concludes that measure 4 does not constitute State aid.
Med hensyn til foranstaltning 3 forskellen mellem i) den rentesats, som er beregnet som forklaret i betragtning 190, og som er anvendt på lånets hovedstol, og ii) de samlede finansielle omkostninger ved det garanterede lån beregnet som summen af den rentesats, der anvendes af bankerne til lånets hovedstol, og den garantipræmie, der anvendes af staten, beregnet og opkrævet for den periode, hvor beløbene blev stillet til rådighed for Ilva.
As regards the State origin of the measure, the Commission observes that the measure consists in a loan granted by the Ministry of Economy and Finance through resources from the State budget.
Med hensyn til foranstaltning 5 forskellen mellem i) den beregnede rentesats som forklaret i betragtning 213 for lånets hovedstol og ii) den faktiske rente, som Ilva skulle betale og blev opkrævet i den periode, hvor beløbene var til Ilvas rådighed.
Given that the notion of Member State includes all levels of public authorities, regardless of whether it is a national, regional or local authority, the Commission concludes that the measure is imputable to the State and involves a transfer of State resources.
I henhold til artikel 4, stk. 3, i TEUF, skal Italien inden to måneder fra datoen for meddelelsen af denne afgørelse give Kommissionen det nøjagtige støttebeløb, som er ydet til Ilva, under særlig hensyntagen til den støtte i form af lån, de faktiske datoer for betalinger eller tilbagebetalinger samt alle andre relevante omstændigheder indberettet af Italien.
In its observations to the opening decision, WV Stahl requests the Commission to ensure a quick recovery of State aid granted in the form of loans to Ilva below market conditions, based on the difference between the interest rate charged and the market rate when the loans were granted (see recital 120).
I hvert enkelt tilfælde skal de beløb, der skal tilbagebetales, omfatte skyldige renter, indtil disse faktisk er betalt.
For the finding of an economic advantage in measure 5, the Commission considers that the same reasoning as for measure 3 can be applied despite two main factual differences between both measures.
Inden for samme frist på to måneder skal Italien underrette Kommissionen om fjernelse af fremtidige økonomiske fordele hidrørende fra foranstaltning 3 og 5.
The first factual difference is that measure 5 is a public loan whereas measure 3 is a State guarantee on a syndicated loan.
Til dette formål bør Italien sikre, at de relevante samlede finansieringsomkostninger og rentesatser som minimum svarer til de markedsorienterede rentesatser, der er nævnt i betragtning 190 og 213.
However, this factual difference does not affect the reasoning developed in recitals 166 to 179, which equally holds for a loan and for a guarantee.
Ethvert beløb, der er stillet til rådighed frem til tilpasningen af rentesatserne, vil fortsat være støtte, som er uforenelig med det indre marked og skal tilbagesøges med renter påløbet indtil tilbagebetalingstidspunktet.
The second factual difference is the date of granting: 30 April 2015 for measure 3 v 15 December 2015 for measure 5.
KONKLUSION
However, the Commission considers that the reasoning developed in recitals 166 to 179 also holds at the granting date of measure 5: in December 2015, the liquidation value of Ilva's assets could still be expected to be high and the aggregated amount of pre-deductible claims had increased by EUR 400 million (i.e. the amount of measure 3) as compared to April 2015, reaching a total of ca.
Kommissionen konstaterer, at Italien ulovligt har gennemført foranstaltning 3 og 5, der er omhandlet i punkt 2.2.3 og 2.2.5 i denne afgørelse, i strid med artikel 108, stk. 3, i TEUF.
EUR […] — still comfortably less than the EUR 1,8 billion liquidation mass which could be anticipated.
Kommissionen konkluderer, at støtteelementet i foranstaltning 3 og 5 er uforeneligt med det indre marked og skal tilbagesøges fra støttemodtageren Ilva, med rente.
Moreover, Law Decree No 191/2015 gives a higher priority of repayment to measure 5 than other pre-deductible claims, as shown in Graph 2, further increasing the potential LGD of measure 5.
VEDTAGET DENNE AFGØRELSE:
Graph 2
Artikel 1
Sequence of repayment of Ilva's debt in December 2015
Følgende foranstaltninger, der er genstand for denne afgørelse, udgør ikke statsstøtte i henhold til artikel 107, stk. 1, i traktaten om Den Europæiske Unions funktionsmåde:
In light of the above, it appears that the LGD of the loan was still reasonably high and the Commission concludes that there could be a business case, for a private lender used to dealing with risky credits, in granting a loan to Ilva.
Overførslen af aktiver til et beløb af 1,1 mia. EUR, som blev beslaglagt i en straffesag mod Ilvas tidligere ejere og gennemført ved den private forligsaftale indgået med Ilva.
Like for measure 3, the Commission then assessed whether the financial terms of the public loan adequately remunerate the risk taken by the State.
Lovdekret nr. 101/2013 af 11. august 2014 og artikel 12, stk. 5, om lån som massekrav anvendt på et privat lån på 250 mio. EUR.
For the same reasons as for measure 3, the Commission considers that the […] opinion does not provide an appropriate method for determining whether the annual interest rate charged by the State (2,94 %) is appropriate.
Den forligsaftale om beløbet på 156 mio. EUR, der blev indgået mellem Fintecna og Ilva den 5. marts 2015 baseret på lovdekret nr. 1/2015 med virkning fra den 4. marts 2015.
Therefore, the Commission collected similar public data as for measure 3 (CDS spreads and bond yields) from the database S&P Capital IQ Platform, corresponding however to the granting date of measure 5.
Artikel 2
The data collected on 14 observations available in December 2015 shows CDS spreads for maturities of five years varying from 6,2 % to 300,5 % with a median value of 44,1 %, and CDS spreads for maturities of one year varying from 3,0 % to 648 % with a median value of 32,7 %.
De andre foranstaltninger, der er omfattet af denne afgørelse, og som er iværksat ulovligt af Italien i strid med artikel 108, stk. 3, i traktaten om Den Europæiske Unions funktionsmåde, udgør statsstøtte, der er uforenelig med det indre marked:
The data collected on 31 observations available in December 2015 indicates bond rates between 2,2 % and 99,0 % with a median value of 17,6 % for three-year maturity bonds.
Ydelse til Ilva ved ministerielt dekret af 30. april 2015 i henhold til lovdekret nr. 1/2015 af statsgarantien for et lån på 400 mio. EUR.
As the analysed data shows, the cost of financing for companies rated CCC+, D or SD at the date of granting of measure 5 was substantially higher than what Ilva obtained through the State.
Ydelse til Ilva ved ministerielt dekret af 15. december 2015 i henhold til lovdekret nr. 191/2015 af et statslån på 300 mio. EUR.
Indeed, the interest charged on the loan to Ilva was at an annual rate of 2,94 % while the market indications show a much higher total cost during the same period.
Artikel 3
Like for measure 3, this plausibility check demonstrates that the public loan defined as measure 5 confers an economic advantage on Ilva, which Ilva would not have obtained at market conditions.
Italien skal tilbagesøge den uforenelige støtte, der er tildelt i henhold til de i artikel 2 omhandlede foranstaltninger, fra støttemodtageren.
Following the same reasoning as for measure 3 mutatis mutandis, the Commission decided to take into account also the 2008 Communication.
Den støtte, der skal tilbagesøges, pålægges renter fra det tidspunkt, hvor den blev udbetalt til støttemodtagerne, og indtil den er blevet tilbagebetalt.
This led the Commission to establish the appropriate market rate for the quantification of the aid element of the loan granted without collateral at 10,06 %, calculated as the sum of a base rate of 0,06 % corresponding to the Euribor 1-year on 15 December 2015, and a credit margin of 1000 bps.
Renten beregnes med renters rente i overensstemmelse med kapitel V i Kommissionens forordning (EF) nr. 794/2004 og Kommissionens forordning (EF) nr. 271/2008 om ændring af forordning (EF) nr. 794/2004.
The amount of the advantage linked to the public loan defined as measure 5 must be calculated as the difference between (i) the interest rate calculated as explained in recital 213 applied to the loan principal; and (ii) the actual interest rate due by Ilva, calculated and charged for the period during which the amounts were made available to Ilva.
Italien tilpasser alle udestående betalinger af støtte i forbindelse med de i artikel 2 omhandlede foranstaltninger til de markedsorienterede betingelser i betragtning 190 og 213 i denne afgørelse senest to måneder fra datoen for meddelelsen af denne afgørelse.
The State loan defined as measure 5 is an ad hoc support measure granted in favour of one single undertaking: Ilva.
Artikel 4
As such, measure 5 is selective.
Tilbagebetaling af støtte ydet under de foranstaltninger, der er omhandlet i artikel 2, skal være øjeblikkelig og effektiv.
Conclusion on measure 5
Italien skal sikre, at denne afgørelse efterkommes inden for fire måneder efter meddelelsen herom.
Since measure 5 meets all the criteria laid down in Article 107(1) TFEU, the Commission concludes that it constitutes State aid, the amount of which can be determined based on the methodology described in recital 214.
Artikel 5
Unlawfulness of the aid
Inden for to måneder efter meddelelsen af denne afgørelse skal Italien fremsende følgende oplysninger:
Measures 3 and 5 constitute State aid within the meaning of Article 107(1) TFEU, which were implemented without prior notification to the Commission in breach of Article 108(3) TFEU.
en detaljeret beskrivelse af de foranstaltninger, der allerede er truffet eller er planlagt for at efterkomme afgørelsen
As such, those measures have been unlawfully implemented.
dokumentation for, at støttemodtagerne har fået besked på at tilbagebetale støtten
Compatibility of the aid with the internal market
dokumentation for, at de tilpasninger, der er nævnt i artikel 3, stk. 4, i denne afgørelse, er blevet gennemført.
The prohibition on State aid is neither absolute nor unconditional.
Italien holder Kommissionen underrettet om udviklingen i de foranstaltninger, der træffes på nationalt plan for at efterkomme denne afgørelse, indtil den støtte, der er tildelt i henhold til de i artikel 2 omhandlede foranstaltninger, er tilbagebetalt.
In particular, paragraphs 2 and 3 of Article 107 TFEU constitute legal bases allowing some aid measures to be considered compatible with the internal market.
Efter anmodning fra Kommissionen fremsender Italien omgående oplysninger om, hvilke foranstaltninger der er truffet eller planlagt for at efterkomme afgørelsen.
Since they consider that the measures under investigation do not constitute State aid, the Italian authorities did not put forward any reason relating to their compatibility.
Italien giver tillige detaljerede oplysninger om de støttebeløb og renter, støttemodtageren allerede har tilbagebetalt.
Therefore, the Commission will assess on its own motion whether the State aid measures granted to Ilva, i.e. measures 3 and 5, can be declared compatible with the internal market under any of these possible legal bases.
Artikel 6
The Commission observes that the derogations in Article 107(2) TFEU are clearly inapplicable.
Denne afgørelse er rettet til Den Italienske Republik.
Of the derogations in paragraph 3 of this Article, only points (a) and (c) could prove useful.
Udfærdiget i Bruxelles, den 21. december 2017.
Point (a) provides that aid to promote the economic development of areas where the standard of living is abnormally low or where there is serious underemployment may be considered to be compatible with the internal market.
På Kommissionens vegne
Point (c) states that aid to facilitate the development of certain economic activities or of certain economic areas, where such aid does not adversely affect trading conditions to an extent contrary to the common interest, may also be considered to be compatible with the internal market.
Medlem af Kommissionen
As regards point (a) of Article 107(3) TFEU, undertakings active in the steel sector, like Ilva, are not eligible for regional aid pursuant to point 9 of the Guidelines on regional State aid.
EUT C 142 af 22.4.2016, s. 37, og EUT C 241 af 1.7.2016, s. 12.
Therefore, this legal basis cannot be applied to the measures under investigation.
Se fodnote 1.
As regards point (c) of Article 107(3) TFEU, the Commission cannot see any framework or guidelines concerning the application of Article 107(3), which could apply to the measures under assessment.
EUT C 209 af 23.7.2013, s. 1.
In particular, undertakings active in the steel sector, like Ilva, are not eligible for rescue and restructuring aid pursuant to point 18 of the Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty.
fortrolige oplysninger.
Since it qualifies as an undertaking in difficulty pursuant to point 20(c) of the Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty, Ilva is also not eligible for environmental aid pursuant to point 16 of the Guidelines on State aid for environmental protection and energy.
Skøn over produktionskapaciteten af Ilva og Eurofer.
In light of the above, the Commission concludes that the State aid measures granted to Ilva are not compatible with the internal market.
I henhold til præsentationen af Ilvas ekstraordinære kommissærer i det italienske deputeretkammer den 10. januar 2017: http://www.gruppoilva.com/it/media/media/comunicazioni-dei-commissari.
Recovery of aid incompatible with the internal market
Ifølge Ilvas interne data for 2015.
According to the TFEU and the settled case-law of the Court of Justice, the Commission is competent, when it has found that aid is incompatible with the internal market, to decide that the State concerned must abolish or alter it.
Se http://europa.eu/rapid/press-release_IP-14-1151_en.htm.
The Court has also consistently held that the obligation on a Member State to abolish aid regarded by the Commission as being incompatible with the internal market is designed to re-establish the previously existing situation.
Strafferetlig procedure nr. 938/2010 R.G.
In this context, the Court has established that this aim is achieved once the recipient has repaid the amounts granted by way of unlawful aid, thus forfeiting the advantage which it had enjoyed over its competitors on the market, and the situation prior to payment of the aid is restored.
Overtrædelsesprocedure nr. 2013/2177.
In line with the case-law, Article 16(1) of Council Regulation (EU) 2015/1589 lays down: ‘Where negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary’.
I september 2013 og i april 2014.
Thus, given that the measures in question were implemented in violation of Article 108 of the Treaty, and are to be considered as unlawful and incompatible aid, they must be recovered in order to re-establish the situation that existed on the market prior to their granting.
Europa-Parlamentets og Rådets direktiv 2008/1/EF af 15. januar 2008 om integreret forebyggelse og bekæmpelse af forurening (EUT L 24 af 29.1.2008, s. 8).
Recovery should cover the time from when the advantage accrued to the beneficiary, that is to say when the aid was put at the disposal of the beneficiary, until effective recovery, and the sums to be recovered should bear interest until effective recovery.
Europa-Parlamentets og Rådets direktiv 2010/75/EU af 24. november 2010 om industrielle emissioner (EUT L 334 af 17.12.2010, s. 17).
Based on the assessment above in Sections 5.2.3 and 5.2.5, the aid element contained in measures 3 and 5 must be recovered as follows:
Det italienske lovtidende nr. 105 af 8. maj 2014, som er tilgængelig på: http://www.gazzettaufficiale.it/eli/id/2014/05/08/14A03637/sg.
For measure 3, the difference between (i) the interest rate calculated as explained in recital 190 applied to the loan principal; and (ii) the total financial cost of the guaranteed loan calculated as the sum of the interest rate applied by the banks to the loan principal and the guarantee premium applied by the State, calculated and charged for the period during which the amounts were made available to Ilva.
Teksten til lovdekretet ophøjet til lov findes på: http://www.normattiva.it/uri-res/N2Ls?urn:nir:stato:decreto.legge:2015-01-05;1!vig.
For measures 5, the difference between (i) the interest rate calculated as explained in recital 213 applied to the loan principal; and (ii) the actual interest rate due by Ilva, calculated and charged for the period during which the amounts were made available to Ilva.
Teksten til lovdekretet ophøjet til lov findes på: http://www.normattiva.it/uri-res/N2Ls?urn:nir:stato:decreto.legge:2015-12-04;191!vig.
Pursuant to the principle of sincere cooperation under Article 4(3) TFEU, Italy must provide the Commission within two months from the date of notification of this Decision with the exact amount of aid granted to Ilva, taking into account, in particular, for the aid in the form of loans, the actual dates of payments or repayments as well as all other relevant circumstance reported by Italy.
I henhold til artikel 2, stk. 4, i lovdekret nr. 143/2008.
In each case, the amounts to be recovered must include interest due until recovery takes place.
Se i denne forbindelse http://www.giustizia.it/giustizia/it/mg_2_9_1.wp.
Within the same two-month deadline, Italy must inform the Commission of the removal of future economic advantages deriving from measures 3 and 5.
Retsgrundlaget blev først fastsat i artikel 1, stk. 11, litra e), i lovdekret nr. 61/2013, som blev ændret i december 2013, i august 2014 og endelig i marts 2015.
For this purpose, Italy should ensure that the relevant total financing costs and interest rates at least match, respectively, the market driven interest rates cited in recitals 190 and 213.
Se http://www.ilsole24ore.com/art/notizie/2015-11-24/ilva-giudici-svizzeri-no-rientro-italia-12-miliardi-riva-171441.shtml og http://www.repubblica.it/economia/finanza/2015/11/24/news/_annullato_il_sequestro_da_un_miliardo_in_svizzera-128062132/.
Any amount made available until the adjustment of the interest rates will remain aid incompatible with the internal market and as such subject to recovery, together with the recovery interest accrued until the date of recovery.
Se http://www.ilsole24ore.com/art/impresa-e-territori/2017-05-24/ilva-firmata-transazione-il-rientro-fondi-svizzera-131344.shtml.
CONCLUSION
Se http://www.ilsole24ore.com/art/impresa-e-territori/2014-05-12/ilva-taranto-stipendi-salvi-ma-resta-crisi-finanziaria-123429.shtml?uuid=ABUglaHB.
The Commission finds that Italy has unlawfully implemented measures 3 and 5 referred to in Sections 2.2.3 and 2.2.5 of this Decision, in breach of Article 108(3) TFEU.
Se http://www.ilsole24ore.com/art/impresa-e-territori/2014-07-03/ilva-aggrappata-prestito-ponte-063934_PRV.shtml?uuid=ABpE6DXB&fromSearch.
The Commission concludes that the aid element under measures 3 and 5 is incompatible with the internal market and must be recovered from the beneficiary, Ilva, together with recovery interest,
Se »L'incontro di ieri a Palazzo Chigi tra rappresentanti degli istituti di credito e Governo — il sottosegretario alla presidenza, Graziano Del Rio, il ministro e il vice ministro dello Sviluppo economico, rispettivamente Federica Guidi e Claudio De Vincenti — non ha portato i segnali che l'azienda attende in modo da attenuare la propria crisi finanziaria« som rapporteret af http://www.ilsole24ore.com/art/notizie/2014-05-14/ilva-nessuna-concessione-un-prestito-ponte-132300.shtml?uuid=ABPqs9HB.
HAS ADOPTED THIS DECISION:
Se også artiklen fra maj 2014: http://www.ilsole24ore.com/art/impresa-e-territori/2014-05-12/ilva-taranto-stipendi-salvi-ma-resta-crisi-finanziaria-123429.shtml?uuid=ABUglaHB: »L'Ilva ha avanzato la richiesta ed ha avviato la trattativa con le banche che viene seguita anche dal Governo«.
Article 1
Artikel 22c i lov nr. 116/2014 om ændring og ophøjelse til lovdekret nr. 91/2014 af 24. juni 2014.
The following measures subject to this Decision do not constitute State aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union:
Baseret på artikel 1, stk. 1, i lovdekret nr. 61/2013, sammenholdt med artikel 1 i lovdekret nr. 207/2012 af 3. december 2012, som blev ophøjet til lov den 24. december 2012 ved lov nr. 231/2012.
the transfer of the assets in the amount of EUR 1,1 billion seized during criminal proceedings against Ilva's previous owners implemented by the private settlement agreement reached with Ilva;
Intesa Sanpaolo S.p.A., Unicredit S.p.A. og Banco Popolare Società Cooperativa.
the Law Decree No 101/2013 of 11 August 2014 and its Article 12, paragraph 5, on pre-deductible loans as applied to a private EUR 250 million loan;