natgillin/translations-raw huggingface dataset:
I et brev dateret 17. februar 2006 (hændelse nr. 363608) tilstillede de islandske myndigheder Tilsynsmyndigheden en kopi på engelsk af en aftale mellem Sementsverksmiðjan hf. og industriministeriet på den islandske regerings vegne, på grundlag af hvilken selskabets mulighed for at tilbagekøbe visse aktiver i Reykjavik blev trukket tilbage.
In a letter dated 17 February 2006 (Event No 363608), the Icelandic authorities forwarded to the Authority an English copy of an Agreement between Sementsverksmiðjan hf. and the Ministry of Industry on behalf of the Government of Iceland on the basis of which the company’s option to repurchase some assets in Reykjavik was withdrawn.
I henhold til denne aftales artikel 2 leasede selskabet derudover de aktiver, det anvendte pr. 1. januar 2004, i et ikke nærmere defineret tidsrum, som det skulle betale en månedlig leasingafgift for baseret på markedspriser.
Further, according to Article 2 of this Agreement, the company leased the assets it used as of 1 January 2004 for an undefined period of time for which it would pay a monthly lease established in accordance with market prices.
På baggrund af klagerens bemærkninger og i lyset af de yderligere oplysninger og præciseringer fremført af de islandske myndigheder under den formelle undersøgelsesprocedure besluttede Tilsynsmyndigheden at udvide den formelle undersøgelsesprocedure til også at omfatte den islandske stats overtagelse af de pensionsrelaterede forpligtelser, der påhviler Sementsverksmiðjan hf.
In light of the comments made by the complainant and in light of the further information and clarifications made by the Icelandic authorities during the formal investigation procedure, the Authority considered it necessary to extend the formal investigation procedure to cover the take-over by the Icelandic State of pension-related liabilities of Sementsverksmiðjan hf.
Den vedtog i overensstemmelse hermed beslutning nr. 367/06/KOL af 29. november 2006 om den islandske stats overtagelse af de pensionsrelaterede forpligtelser, der påhviler Sementsverksmiðjan hf.
Accordingly, it adopted Decision No 367/06/COL of 29 November 2006 on the Icelandic State’s take-over of pension-related liabilities of Sementsverksmiðjan hf.
Ved brev dateret 29. november 2006 (hændelse nr. 399095) underrettede Tilsynsmyndigheden de islandske myndigheder om, at den havde besluttet at udvide den formelle undersøgelsesprocedure, får så vidt angår denne foranstaltning.
By letter dated 29 November 2006 (Event No 399095), the Authority informed the Icelandic authorities that it had decided to extend the formal investigation procedure in respect of this measure.
De islandske myndigheder fremsatte ikke nogen bemærkninger til Tilsynsmyndighedens beslutning.
The Icelandic authorities did not submit any comments to the Authority’s decision.
Tilsynsmyndighedens beslutning nr. 367/06/KOL blev offentliggjort i Den Europæiske Unions Tidende og i EØS-tillægget [10].
The Authority’s Decision No 367/06/COL was published in the Official Journal of the European Union and the EEA Supplement thereto [10].
Tilsynsmyndigheden modtog bemærkninger fra Íslenskt Sement ehf. den 7. maj 2007 (hændelse nr. 420691).
The Authority received comments from Íslenskt sement ehf. on 7 May 2007 (Event No 420691).
Ved brev dateret 14. maj 2007 (hændelse nr. 421504) fremsendte Tilsynsmyndigheden disse til de islandske myndigheder, som fik lejlighed til at svare på de fremsendte bemærkninger.
By letter dated 14 May 2007 (Event No 421504), the Authority forwarded these to the Icelandic authorities, who were given the opportunity to reply to the submitted comments.
De islandske myndigheder svarede den 18. april 2008 (hændelse nr. 474416).
The Icelandic authorities replied on 18 April 2008 (Event No 474416).
SALGSPROCESSEN VEDRØRENDE SEMENTSVERKSMIÐJAN HF.
THE SALE PROCESS OF SEMENTSVERKSMIÐJAN HF.
Sementsverksmiðjan hf. havde i realiteten monopol på cementmarkedet indtil 2000, da en cementimportør fra Danmark etablerede sig på det islandske marked.
Until 2000, when an importer of cement from Denmark entered into the Icelandic market, Sementsverksmiðjan hf. had enjoyed a de facto monopoly in the market for cement.
Som følge af den nye konkurrencesituation kom Sementsverksmiðjan hf. i økonomiske vanskeligheder og begyndte at blive tabsgivende.
As a result of the new competitive situation, Sementsverksmiðjan hf. experienced economic difficulties and started cumulating losses.
Derfor besluttede staten i marts 2003 at sælge virksomheden og offentliggjorde et udbud med henblik på salg af 100 % af sine aktier i Sementsverksmiðjan hf.
Therefore, in March 2003, the State decided to sell the undertaking and announced a tender to purchase 100 % of its shares in Sementsverksmiðjan hf.
Udbudsproceduren førte til udvælgelsen af en gruppe investorer [12], der oprettede Íslenkst Sement ehf. med det formål at erhverve statens aktier.
The tender procedure lead to the selection of a group of investors [12], which created Íslenkst Sement ehf. for the purpose of acquiring the State’s shares.
Regeringen indledte forhandlinger med disse investorer om salget af statens aktier i Sementsverksmiðjan hf.
The Government initiated negotiations for the sale of the State’s shares in Sementsverksmiðjan hf. with these investors.
Resultatet af forhandlingerne mellem regeringen og Íslenkst Sement ehf. blev, at selskabet blev solgt primært i henhold til nedenfor beskrevne aftaler.
The outcome of the negotiations between the Government and Íslenkst Sement ehf. was that the company was sold mainly in accordance with the agreements described below.
Den 2. oktober 2003 undertegnede industriministeriet på den islandske regerings vegne en aftale med Íslenskt Sement ehf. om køb af aktier.
On 2 October 2003, the Ministry of Industry signed, on behalf of the Government of Iceland, a Share Purchase Agreement with Íslenskt Sement ehf.
I henhold til aftalen solgte staten, som ejede af 100 % af aktierne i Sementsverksmiðjan hf. til en nominel værdi af 450 mio. ISK, disse aktier til Íslenskt Sement ehf. til en pris af 68 mio. ISK.
On the basis of this Agreement, the State, owner of 100 % of the shares in Sementsverksmiðjan hf. for a nominal value of ISK 450 million, sold them to Íslenskt Sement ehf. for a price of ISK 68 million.
I henhold til artikel 4 i aftalen om køb af aktier overtog den islandske regering den pensionsgæld og de forpligtelser, der påhvilede Sementsverksmiðjan hf.
Pursuant to Article 4 of the Share Purchase Agreement, the Government of Iceland took over the pension debts and obligations of the Sementsverksmiðjan hf.
Den overtog ligeledes alle eksisterende og fremtidige forpligtelser i forbindelse med den årlige erstatningsudbetaling til de ansatte, der fortsat indbetaler til del B i pensionsfonden for statsansatte, så længe de er ansatte i Sementsverksmiðjan hf.
It also took over all existing and future obligations regarding the annual compensation settlement of the individuals who are paying into Section B of the Pension Fund of State Employees as long as they are employees of the Sementsverksmiðjan hf.
Finansministeriet overtog på statens vegne den resterende del af de obligationer, der var udstedt til betaling af forpligtelser, der påhvilede Sementsverksmiðjan hf. i henhold til aftalen fra 1997, samt alle eksisterende og fremtidige forpligtelser over for de nuværende ansatte i selskabet, der stadig var tilsluttet del B i pensionsfonden for statsansatte i henhold til en aftale undertegnet den 23. oktober 2003.
On behalf of the State Treasury, the Ministry of Finance took over the remainder of the bonds issued to pay the accrued obligations of Sementsverksmiðjan hf. as settled in the agreement of 1997, as well as existing and future obligations of current employees of the company affiliated to Section B, by an Agreement signed on 23 October 2003 with the Pension Fund of State Employees.
Regeringen opfyldte derved forpligtelsen i artikel 4 i aftalen om køb af aktier mellem industriministeriet og Íslenskt Sement ehf.
The Government thereby fulfilled the obligation laid down in Article 4 of the Share Purchase Agreement between the Ministry of Industry and Íslenskt sement ehf.
I henhold til artikel 5 i aftalen om køb af aktier skulle den islandske regering købe nogle aktiver af Sementsverksmiðjan hf. via en separat aftale.
According to Article 5 of the Share Purchase Agreement, the Government of Iceland was to purchase some assets from Sementsverksmiðjan hf. in a separate agreement.
Som anført i afsnit 3 i artikel 4 var købsprisen for disse aktiver 450 mio. ISK.
As indicated in Section 3 of Article 5, the purchase price for these assets was ISK 450 million.
Samme dato, den 2. oktober 2003, undertegnede Sementsverksmiðjan hf. og det islandske finansministerium en købskontrakt, på grundlag af hvilken staten købte selskabets ejendomme og aktiver i Reykjavik, selskabets kontorbygning i Akranes undtagen halvanden etage, samt Sementsverksmiðjan hf.'s aktier og obligationer i andre selskaber, til en pris af 450 mio. ISK.
On the same date, 2 October 2003, Sementsverksmiðjan hf. and the National Treasury of Iceland signed a Purchase Contract on the basis of which the Treasury purchased the properties and assets of the company in Reykjavík, the office building of the company in Akranes with the exception of one and half floors, and the shares and bonds owned by Sementsverksmiðjan hf. in other companies, for the price of ISK 450 million.
I henhold til købskontraktens artikel 6 havde Sementsverksmiðjan hf. frem til den 31. december 2009 ret til at tilbagekøbe ovennævnte solgte ejendomme i Reykjavik for i alt 95 mio. ISK med en fast årlig rente på 7 % pr. 1. august 2003.
According to Article 6 of the Purchase Contract, until 31 December 2009, Sementsverksmiðjan hf. had the right to re-purchase the abovementioned sold properties in Reykjavik for a total price of ISK 95 million with a fixed annual interest of 7 % as of 1 August 2003.
Købskontrakten blev ændret den 16. februar 2006 ved en aftale undertegnet af Sementsverksmiðjan hf., industriministeriet på den islandske regerings vegne og Íslenskt Sement ehf.
This purchase contract was amended on 16 February 2006 by an agreement signed between Sementsverksmiðjan hf., the Ministry of Industry on behalf of the Government of Iceland and Íslenskt sement ehf.
Kontrahenterne vedtog at afvige fra afsnit 5.4 i aftalen om køb af aktier, for så vidt angik muligheden for tilbagekøb af visse aktiver, fra afsnit 6 i købskontrakten og erstatte den med en bestemmelse om leasing af visse aktiver [14].
The parties to this Agreement agreed to depart from Section 5.4 of the Share Purchase Agreement with regard to the re-purchase option of certain assets, from Section 6 of the Purchase Contract and replace it by a lease provision on certain assets [14].
Den månedlige leasingafgift blev fastlagt til […] ISK og skulle reguleres i forhold til byggeindekset.
The monthly lease was established at ISK […] and would be adjusted according to the building cost index.
Med hensyn til tidspunktet for udlevering af de aktiver, som blev solgt til finansministeriet, aftalte parterne at erstatte datoen 31. december 2011 med 1. januar 2004.
Regarding the delivery time of the assets sold to the National Treasury, the parties agreed to replace the date 31 December 2011 by 1 January 2004.
SEMENTSVERKSMIÐJAN HF.'S GÆLD TIL PENSIONSFONDEN FOR STATSANSATTE
SEMENTSVERKSMIÐJAN HF.’S DEBT TOWARDS THE STATE PENSION FUND
Pensionsfonden for statsansatte og dens funktion
The functioning of the Pension Fund of State Employees
Pensionsfonden for statsansatte blev oprindeligt reguleret ved bestemmelserne i lov nr. 29/1963.
The Pension Fund of State Employees was originally governed by the provisions of Act No 29/1963.
I 1990’erne syntes præmierne til pensionsfonden for statsansatte at være utilstrækkelige til at dække dens pensionsforpligtelser.
In the 1990, the premiums to the Pension Fund of State Employees seemed insufficient to cover its pension payments.
Staten besluttede på grundlag heraf at reformere ordningen og vedtog lov nr. 1/1997 »Lov om pensionsfonden for statsansatte«.
On that basis, the State decided to reform the system and adopted Act No 1/1997 ‘The Government Employees Pension Fund Act’.
Pensionsfonden for statsansatte blev inddelt i to dele: Der blev oprettet en ny del A, og den eksisterende pensionsfond blev ændret til del B. Alle nye ansatte skulle tilsluttes del A, hvorimod eksisterende ansatte kunne vælge mellem medlemskab af del A, eller bevare deres ret til medlemskab i del B, der herefter var lukket for nye medlemmer.
The Pension Fund of State Employees was divided into two Sections: a new Section A was created and the existing pension fund changed into Section B. All new employees were to join Section A whereas existing employees could choose between membership in Section A or retaining their right to membership in Section B, closed henceforth to new members.
Ifølge de islandske myndigheder blev pensionsfonden med opsplitningen af den tidligere pensionsfond for statsansatte i en del A og en del B selvbærende og ville ikke længere kumulere en negativ saldo mellem præmier og forpligtelser, som statskassen i sidste instans skulle have dækket [15].
According to the Icelandic authorities, with the splitting of the former Pension Fund of State Employees into Section A and B, the fund was made self-sustaining and would no longer cumulate a negative balance between premiums and commitments which would eventually have to be made up by the National Treasury [15].
Omvendt er der som et resultat af bestemmelserne for del B normalt et underskud, der skal dækkes løbende.
In contrast, as a result of the provisions for Section B, there is normally a deficit which has to be covered on a regular basis.
I henhold til bestemmelserne i del B skal der kun betales præmier til del B i pensionsfonden for statsansatte på grundlag af de tilknyttede ansattes grundløn, og ikke deres samlede løn.
The provisions for Section B foresee the payment of premiums to Section B of the Pension Fund of State Employees only on the basis of the basic salary of the affiliated employees, not on their total pay.
De tilsluttede ansatte erhverver en ret til at modtage en vis procentdel af grundlønnen for den stilling, de bliver pensioneret fra.
The affiliated employees acquire a right to receive a certain percentage of the basic pay for the post from which they retire.
Derefter er pensionen knyttet til den gennemsnitlige stigning i de statsansattes løn.
Thereafter, the pension is linked to the average rise in the pay of government employees.
I henhold til artikel 33, i lov nr. 1/1997, er det arbejdsgiverne for medlemmerne i del B i pensionsfonden for statsansatte, der skal dække forskellen.
According to Article 33 Act No 1/1997, it is the employer of the members of Section B of the Pension Fund of State Employees who must cover this difference.
Ikke desto mindre garanterer statskassen, at den ansatte får udbetalt pension i henhold til artikel 32 i lov nr. 1/1997 i tilfælde af betalingsmisligholdelse.
Nevertheless, in case of payment default by the employer, by virtue of Article 32 of Act No 1/1997, the Treasury guarantees the payment of a pension to the employee according to the Act.
Etablering af gæld fra Sementsverksmiðjan hf. til pensionsfonden for statsansatte
The establishment of a debt from Sementsverksmiðjan hf. towards the Pension Fund of State Employees
Der blev med reformen i 1996 indført en ny bestemmelse i loven om pensionsfonden for statsansatte, i henhold til hvilken arbejdsgiverne skal refundere stigningen i pensionsbetalinger.
With the reform carried out in 1996, a new provision was introduced in the law governing the Pension Fund of State Employees requiring employers to refund the increase in pension payments.
I aftalens artikel 3 hedder det: »Ved at bruge en imputeret rente på 3,5 % blev den aktuelle værdi af LSR [17]’s påløbne forpligtelser for så vidt angår ansatte i Islands statslige cementværk (Sementsverksmidja Rikisisn) ved udgangen af 1996 anslået til 494816380 ISK.
Article 3 of this Agreement reads as follows: ‘Using an imputed interest rate of 3,5 %, the present value of the LSR’s [17] accrued obligations with respect to employees of the Iceland State Cement Works at year-end 1996 was assessed as ISK 494816380.
LSR’s aktiver til betaling af forpligtelser skønnes at udgøre 19 % af de påløbne ikke-opfyldte forpligtelser i fonden.
LSR’s assets for payment of obligations are considered to be 19 % of the Fund’s accrued unsettled obligations.
Statens forpligtelser på vegne af Sementsverksmiðjan hf.
The State’s obligations on behalf of Sementsverksmiðjan hf.
Ltd udgør således 400801268 ISK«.
Ltd is thus ISK 400801268.’
I henhold til den nye artikel 33 i lov nr. 1/1997 er det muligt at betale med obligationer.
The new Article 33 of Act No 1/1997 foresees the possibility to pay with bonds.
»Fondens bestyrelse kan […] acceptere en obligation som betaling for påløbne forpligtelser.
‘The board of the Fund may […] accept a debenture in payment of accrued commitments.
[…] Den således opfyldte forpligtelse skal baseres på en aktuarmæssig vurdering pr. afregningsdatoen.
[…] The commitment thus settled shall be based on an actuarial assessment as at the settlement date.
En arbejdsgiver, der har opfyldt sin forpligtelse med udstedelsen af en obligation i medfør af dette stykke, har ikke noget yderligere ansvar for fondens forpligtelser […] med hensyn til den periode og de ansatte, som opfyldelsen finder anvendelse på«.
An employer who has settled his/her commitment with the issue of a debenture in accordance with this paragraph shall have no further responsibility for the Fund’s commitments […] in respect of the period and those employees to which the settlement applies’.
I samme aftales artikel 4 hedder det: »Statskassen foretager udbetaling til LSR af sin forpligtelse i henhold til artikel 2 ved at tilbyde selskabet obligationer i Iceland Cement Ltd til i alt 326488714 ISK […].
According to Article 4 of the same agreement ‘The National Treasury will make payment to LSR of its obligation pursuant to Article 2 by presenting it with Iceland Cement Ltd bonds for a total amount of ISK 326488714 […].
Obligationerne er inflationsreguleret i forhold til forbrugerprisindekset med basisindeks 178,6.
The bonds are inflation-indexed to the Consumer Price Index (CPI) with the base index 178.6.
Med disse obligationer har statskassen i fuldt omfang opfyldt sine forpligtelser over for LSR med hensyn til pensionstillæg i henhold til artikel 33 i lov nr. 1/1997 om pensionsfonden for tjenestemandsansatte, som følger af medlemskabet for ansatte i Islands statslige cementværk af LSR frem til udgangen af 1996«.
With these bonds the National Treasury has fully settled its obligations towards LSR with respect to pension supplements pursuant to Article 33 of Act No 1/1997 on the Civil Servants’ Pension Fund, arising from membership of employees of the Iceland State Cement Works to LSR until the end of 1996’.
Derfor ville Sementsverksmiðjan hf., når selskabet havde opfyldt sin forpligtelse med udstedelsen af obligationer til det i aftalen af 8. oktober 1997 fastlagte beløb i medfør af artikel 33, sidste stykke, i lov nr. 1/1997, ikke have noget yderligere ansvar for fondens forpligtelser til at betale pensioner til selskabets tidligere ansatte for opfyldelsesperioden frem til udgangen af 1996.
Therefore, following the application of Article 33 last paragraph of Act No 1/1997, once Sementsverksmiðjan hf. had settled its commitment with the issue of bonds for the amount determined in the Agreement of 8 October 1997, the company would have no further responsibility for the Fund’s commitments to pay pensions to those of its former employees regarding the period until the end of 1996 to which the settlement applied.
Disse obligationer udgør derfor blot en udsættelse af betalingen af gælden.
These bonds are thus simply a postponement of the payment of the debt.
Den 30. marts 1999 undertegnede Sementsverksmiðjan hf. og pensionsfonden for statsansatte en ny aftale i henhold til artikel 33 i lov nr. 1/1997.
On 30 March 1999, Sementsverksmiðjan hf. and the Pension Fund of State Employees signed a second agreement pursuant to Article 33 of Act No 1/1997.
På grundlag af denne aftale skulle fonden hvert år vurdere den påløbne pensionsforpligtelse for året for de af selskabets ansatte, der var tilknyttet fondens del B, og som fortsat var beskæftiget i selskabet.
On the basis of this agreement, the Fund would assess yearly the accrued pension obligation arisen during the year with respect to the employees of the company affiliated to Section B of the Fund still active in the company.
Selskabet skulle opfylde disse forpligtelser efter fradrag af alle bidrag, der allerede var betalt af de ansatte og selskabet med hensyn til de for året optjente rettigheder.
The company would settle these obligations, after deducting all contributions already paid by the employees and the company with respect to the rights earned during the year.
Ifølge de islandske myndigheders oplysninger var der i 2003 fem ansatte i Sementsverksmiðjan hf., der fortsat var tilknyttet del B i pensionsfonden for statsansatte.
According to the information provided by the Icelandic authorities, in 2003, five employees of Sementsverksmiðjan hf. were still affiliated to Section B of the Pension Fund of State Employees.
Statens overtagelse af Sementsverksmiðjan hf.'s pensionsforpligtelser
The taking over by the State of Sementsverksmiðjan hf.’s pension liabilities
Finansministeriet opfyldte med denne aftale forpligtelsen i henhold til artikel 4 i aftalen om køb af aktier, undertegnet den 2. oktober 2003, med investorgruppen, Íslenskt sement ehf.
With this Agreement, the Ministry of Finance fulfilled the obligation entered into under Article 4 of the Share Purchase Agreement signed on 2 October 2003 with the investors group, Íslenskt sement ehf.
I henhold til denne bestemmelse »overtager sælger den del af selskabets pensionsgæld og -forpligtelser, som er omfattet af en statsgaranti, og som selskabet overtog i 1997 med en særaftale.
According to that provision, ‘[t]he Seller shall take over the pension debts and obligations of the Company, which carry Government guarantee, and were taken over by the Company in 1997 with a special agreement.
Sælger overtager ligeledes alle eksisterende og fremtidige forpligtelser vedrørende den årlige erstatningsbetaling til de personer, der nu indbetaler til del B i pensionsfonden for statsansatte, så længe de er ansatte i selskabet«.
The Seller shall as well take over all existing and future obligations regarding the annual compensation settlement for the individuals who are now paying in the Section B of the Pension Fund of State Employees as long as they are employees of the Company.’
Selv hvis finansministeriet selv skulle beslutte at overtage denne gæld og forpligtelser i Sementsverksmiðjan hf. i henhold til aftalen om køb af aktier med investorgruppen Íslenskt Sement ehf., sker det på grundlag af en specifik retsakt, nemlig aftalen mellem finansministeriet og pensionsfonden for statsansatte af 23. oktober 2003 om, at Sementsverksmiðjan hf. var fritaget for disse forpligtelser.
Even if the Ministry of Finance itself decided to take over these debts and obligations of Sementsverksmiðjan hf. in the Share Purchase Agreement with the investors group Íslenskt sement ehf., it is on the basis of a distinct legal act, namely the agreement between the Ministry of Finance and the Pension Fund of State Employees of 23 October 2003, that Sementsverksmiðjan hf. was relieved of these obligations.
DE VURDEREDE FORANSTALTNINGER I DEN EKSISTERENDE BESLUTNING
THE MEASURES UNDER ASSESSMENT IN THE CURRENT DECISION
Som allerede anført blev den formelle procedure, der blev indledt med beslutning nr. 421/04/KOL forlænget for at dække statens overtagelse af pensionsrelaterede forpligtelser i selskabet ved beslutning nr. 367/06/KOL.
As already stated, the formal investigation procedure initiated with Decision No 421/04/COL was extended to cover the takeover by the State of pension-related liabilities of the company with Decision No 367/06/COL.