natgillin/translations-raw huggingface dataset:
Second, as regards financing the modernisation with a loan, BAVARIA claims that NEUWOGES would have had all the same risks and costs it had under the BAVARIA deal.
Nadalje, BAVARIA u pogledu financiranja sanacije kreditom navodi da bi NEUWOGES pritom snosio jednake rizike i troškove kao u slučaju transakcije s trgovačkim društvom BAVARIA.
Additionally, selling modernised apartments, either directly to the tenants or to a commercial buyer, would not have been attractive, since NEUWOGES would have had to pass on a significant percentage of the higher price to the inherited debt relief fund.
Osim toga, izravna prodaja saniranih stanova stanarima ili komercijalnom kupcu ne bi bila privlačna jer bi NEUWOGES morao prenijeti velik postotak više cijene u fond Erblastentilgungsfonds.
BAVARIA finally submits that the transaction does not involve state resources and is not imputable to the State.
BAVARIA naposljetku navodi da transakcijom nisu obuhvaćena državna sredstva i da se ne može pripisati državi.
In particular, it argues that NEUWOGES is a normal company governed by private law that does not receive any state funds, directly or indirectly.
NEUWOGES je uobičajeno društvo privatnog prava koje ne prima ni izravna ni neizravna državna sredstva.
The general control exercised by the supervisory board, which is dominated by representatives of the City of Neubrandenburg, is insufficient to impute the transaction to the State.
Opća kontrola koju provodi Nadzorni odbor čiji su članovi uglavnom predstavnici općine nije dovoljna da bi se transakcija pripisala državi.
NEUWOGES’ argument, according to which the City of Neubrandenburg urged NEUWOGES to conclude this transaction for political reasons, is not plausible.
Argument NEUWOGES-a da je grad Neubrandenburg potaknuo NEUWOGES na sklapanje posla iz političkih razloga nije opravdan.
CITY OF NEUBRANDENBURG
GRAD NEUBRANDENBURG
The City of Neubrandenburg, the owner of NEUWOGES, submits that the contracts at issue involve state aid.
Grad Neubrandenburg, koji je vlasnik NEUWOGES-a, smatra da su predmetnim ugovorima obuhvaćene državne potpore.
While the city endorses the arguments put forward by NEUWOGES, it presents its own reasoning with regard to a number of points.
Grad se priključuje argumentima NEUWOGES-a i iznosi svoje primjedbe u pogledu nekih točaka.
First, Neubrandenburg maintains that the land-lease and sale contract and the general management contract must be assessed separately, since the contracting parties carefully kept them apart, both in a legal and an economic sense.
Kao prvo, Neubrandenburg smatra kako je Ugovor o nasljednom pravu građenja i Opći ugovor o upravljanju potrebno odvojeno ocjenjivati jer su ih ugovorne strane u pravnom i ekonomskom smislu strogo odvojile.
Second, Neubrandenburg refers to NEUWOGES’ arguments regarding the forecast decrease in its population which, it maintains, a MEO would have taken into account.
Kao drugo, Neubrandenburg upućuje na argumente koje je NEUWOGES naveo u pogledu predviđenog pada broja stanovnika koji bi gospodarski subjekt u tržišnom gospodarstvu uzeo u obzir.
Neubrandenburg also stresses that high vacancy rates would have been clearly foreseeable by a MEO.
Neubrandenburg nadalje naglašava da je gospodarski subjekt u tržišnom gospodarstvu mogao jasno predvidjeti velik broj praznih prostora.
Third, Neubrandenburg asserts that the modernisation commissioned by BAVARIA was of such a basic nature that it did not justify the expectation of high occupancy rates and large rent increases.
Kao treće, Neubrandenburg smatra da je sanacija koju je BAVARIA naložila bila tako jednostavna da se nisu mogle očekivati velike stope iskorištenosti kapaciteta i znatna povišenja najamnine.
Moreover, Neubrandenburg rebuts the additional arguments put forward by BAVARIA.
Neubrandenburg usto odbija daljnje argumente trgovačkog društva BAVARIA.
Most relevantly, it argues that the bidding process cannot be taken as an indicator that BAVARIA’s offer was the best available on the market.
Neubrandenburg posebno zastupa mišljenje da se postupak podnošenja ponuda ne može smatrati pokazateljem da je ponuda trgovačkog društva BAVARIA najpovoljnija ponuda dostupna na tržištu.
In any event, it submits that a MEO would not have accepted BAVARIA’s offer even if it had indeed been the best offer available on the market.
Sudionik u tržišnom gospodarstvu u svakom slučaju ne bi prihvatio ponudu trgovačkog društva BAVARIA, čak i da je ona stvarno bila najpovoljnija ponuda na tržištu.
As regards alleged alternatives, Neubrandenburg essentially seizes on the arguments put forward by NEUWOGES.
U pogledu navodnih opcija, Neubrandenburg se u biti slaže s argumentima NEUWOGES-a.
With regard to the valuations and BAVARIA’s argument that the estimated prices could not have been achieved, Neubrandenburg asserts that, since it is no longer possible to ascertain what price NEUWOGES could actually have obtained on the market in 1998, the valuation has to be used as an indication of the market price at the relevant time.
U pogledu stručne procjene fer vrijednosti i argumenta trgovačkog društva BAVARIA da se utvrđene cijene ne bi mogle ostvariti Neubrandenburg objašnjava da je stručnu procjenu fer vrijednosti potrebno odrediti kao parametar za tržišnu cijenu u mjerodavnom trenutku jer više nije moguće utvrditi koju bi cijenu NEUWOGES 1998. stvarno postigao na tržištu.
The City of Neubrandenburg argues that the transaction is imputable to it, since it exercised a sufficient degree of control over NEUWOGES in general and over the sale-and-lease-back transaction in particular.
Grad Neubrandenburg smatra da je njemu potrebno pripisati odgovornost za transakciju jer je imao dovoljan stupanj kontrole nad NEUWOGES-om općenito, a posebno u pogledu transakcije povratnog leasinga.
As its sole shareholder, the City of Neubrandenburg claims to have had full control over NEUWOGES.
Kao jedini vlasnik udjela grad je prema vlastitim navodima imao potpunu kontrolu nad NEUWOGES-om.
In particular, NEUWOGES’ management was duty-bound to follow the City’s directives.
Uprava NEUWOGES-a stoga je obvezna slijediti smjernice Grada.
Furthermore, eight of the ten members of NEUWOGES’ supervisory board are representatives of the City, giving the latter another mechanism through which it can exert its control.
Osim toga, osam od deset članova Nadzornog odbora NEUWOGES-a predstavnici su grada, što znači da on raspolaže još jednim kontrolnim mehanizmom.
In fact, the City of Neubrandenburg was under a legal duty under regional law to ensure that it could exercise appropriate influence over NEUWOGES.
U skladu sa Zakonom o lokalnoj samoupravi Neubrandenburg je bio obvezan osigurati ostvarivanje odgovarajuće kontrole nad NEUWOGES-om.
As regards the transaction in question, the City of Neubrandenburg claims that not only did it have the ability to exert control, but that it actually did so in this transaction.
U pogledu predmetne transakcije grad Neubrandenburg objašnjava da nije samo imao mogućnost provoditi kontrolu, nego da je to u pogledu te transakcije zaista i činio.
Neubrandenburg is of the view that, inter alia, the minutes of the supervisory board demonstrate the close involvement of city representatives, and that a decision of that board was necessary before the transaction could be concluded.
Neubrandenburg smatra da, među ostalim, iz zapisnika Nadzornog odbora proizlazi da su predstavnici grada bili u velikoj mjeri uključeni i da je prije sklapanja transakcije bila potrebna odluka Nadzornog odbora.
With regard to the terms of the transaction, Neubrandenburg submits that the City demanded that local political interests had to be satisfied.
U pogledu uvjeta transakcije Neubrandenburg navodi da je grad zahtijevao zaštitu političkih interesa općine.
In conclusion, the City of Neubrandenburg submits that the City’s control over the sale-and-lease-back transaction, and its responsibility for this, is borne out by the facts, so that the transaction must be imputed to it.
Grad Neubrandenburg zaključuje da su kontrola grada nad transakcijom povratnog leasinga i njegova odgovornost za nju potkrijepljeni činjenicama i da mu se stoga može pripisati odgovornost za posao.
BERLIN LAND
SAVEZNA POKRAJINA BERLIN
Berlin Land, which is closely connected to BAVARIA [19], submits that the contracts at issue do not contain any state aid component as no advantage was conferred upon BAVARIA.
Savezna pokrajina Berlin, koja je blisko povezana s trgovačkim društvom BAVARIA [19], smatra da predmetni ugovori ne sadržavaju potporu jer za trgovačko društvo BAVARIA nije nastala prednost.
Berlin first argues that the contracts at issue have to be viewed as one transaction, as they formed mutually complementary parts of a sale-and-lease-back transaction.
Berlin najprije obrazlaže da je predmetne ugovore potrebno smatrati jedinstvenom transakcijom jer su oni dijelovi transakcije povratnog leasinga koji se međusobno dopunjuju.
Berlin asserts that they were also treated as such by NEUWOGES itself.
NEUWOGES je s njima i postupao na taj način.
Regarding the MEO test, Berlin submits that, considering NEUWOGES’ economic position at the relevant time (1997/98) and the type of transaction it sought (privatisation in compliance with the conditions under the Inherited Debt Support Law in order to secure the debt write-off, modernisation and continued administration of the apartments, and the maintenance of moderate rents), BAVARIA offered a balanced solution.
U pogledu kriterija gospodarskog subjekta u tržišnom gospodarstvu Berlin upućuje na činjenicu da je BAVARIA u pogledu gospodarske situacije NEUWOGES-a u mjerodavnom trenutku (1997./1998.) i vrste željene transakcije (privatizacija u skladu s preduvjetima za otpis na temelju zakona Altschuldenhilfegesetz, sanacija stanova, nastavak upravljanja objektima, zadržavanje socijalnih najamnina) ponudila uravnoteženo rješenje.
More particularly with regard to the land-lease and sale contract, Berlin first argues that the bidding process undertaken by NEUWOGES demonstrates that NEUWOGES considered BAVARIA’s offer to be the best financing offer available on the market at the relevant time (1997/98).
Posebno u pogledu Ugovora o nasljednom pravu građenja Berlin najprije navodi da se iz postupka podnošenja ponuda može vidjeti da je NEUWOGES ponudu trgovačkog društva BAVARIA smatrao najpovoljnijom ponudom financiranja dostupnom na tržištu u predmetnom trenutku (1997./1998.).
Second, it submits that the debt write-off pursuant to the Inherited Debt Support Law must be considered, since compliance with the privatisation obligation under that law was a central motivation of NEUWOGES.
Nadalje, Berlin navodi da je potrebno uzeti u obzir otpis na temelju zakona Altschuldenhilfegesetz jer je ispunjenje obveze privatizacije na temelju zakona Altschuldenhilfegesetz NEUWOGES-u bio važan cilj.
Third, Berlin underlines that it was in NEUWOGES’ economic interest to sell at a relatively low price (by selling unmodernised buildings with the obligation to modernise, rather than undertake the modernisation itself and then sell), since a lower price meant that less money had to be passed on to the inherited debt relief fund.
Kao treće, Berlin naglašava da je prodaja po relativno niskoj cijeni (odabirom prodaje uz obvezu sanacije umjesto prodaje nakon završetka samostalno provedenih sanacijskih radova) bila u gospodarskom interesu NEUWOGES-a jer je niža cijena značila da je potrebno prenijeti manje novca u fond Erblastentilgungsfonds.
With respect to the general management contract, Berlin first argues that the comparison contracts demonstrate that neither the duration nor the indexation of the leasing payment by […]% per year were uncommon.
U pogledu Općeg ugovora o upravljanju Berlin najprije navodi da se primjerima ugovora pokazalo da ni trajanje ugovora ni indeksacija rate leasinga s […] % godišnje nisu bili neuobičajeni.
Second, the indexation is justified in the light of the average inflation rate at the relevant time (1997/98).
Nadalje, indeksacija je u pogledu prosječne stope inflacije koja se mogla izračunati u tom trenutku (1997./1998.) bila opravdana.
Third, the rent per m2 was within the applicable rent table rates for Neubrandenburg.
Kao treće, najamnina po m2 nalazila se unutar prosječne razine najamnina na snazi u Neubrandenburgu.
Like BAVARIA, Berlin Land argues that the City of Neubrandenburg did not fund NEUWOGES.
Slično kao BAVARIA, savezna pokrajina Berlin smatra da grad Neubrandenburg NEUWOGES-u ne stavlja sredstva na raspolaganje.
Rather, it argues, only revenue generated from its own activities was available to NEUWOGES, over which the local authorities had no direct control.
Točnije je da je NEUWOGES na raspolaganju imao samo vlastite prihode koje komunalna tijela nisu izravno nadzirala.
As regards imputability, Berlin asserts that it is not plausible to maintain that the City of Neubrandenburg decided to grant aid to a real-estate fund from Berlin, to the detriment of its own local housing company.
U pogledu pripisivanja odgovornosti Berlin ne smatra vjerojatnim da je grad Neubrandenburg odlučio odobriti potporu fondu za nekretnine iz Berlina na teret vlastitog društva za izgradnju stanova.
Further, it alleges that there are no sufficient indications that the City of Neubrandenburg intended the conclusion of the contracts to be imputed to it.
Nadalje, ne postoji dovoljno pokazatelja da je grad Neubrandenburg sebi htio pripisati odgovornost za sklapanje ugovora.
REASONS FOR INITIATING THE FORMAL INVESTIGATION PROCEDURE
RAZLOZI POKRETANJA SLUŽBENOG ISTRAŽNOG POSTUPKA
In its decision opening the formal investigation procedure, the Commission took a preliminary position on a range of issues and called on interested parties to submit information with respect to three issues in particular.
U odluci o pokretanju službenog istražnog postupka Komisija je zauzela privremeni stav u pogledu nekoliko pitanja i pozvala zainteresirane strane da dostave informacije posebno u pogledu triju pitanja.
First, the Commission provisionally accepted that the land-lease and sale contract and the general management contract have to be assessed as a unit, not in isolation from each other, as both were integral parts of a real estate sale-and-lease-back transaction [20].
Najprije je Komisija privremeno prihvatila da je Ugovor o nasljednom pravu građenja i Opći ugovor o upravljanju potrebno razmatrati kao cjelinu, a ne odvojeno, jer oba ugovora čine sastavni dio leasinga nekretnina u modelu povratnog leasinga [20].
It concluded that the assessment of a potential economic advantage was therefore based on an analysis of the returns that NEUWOGES could have expected in 1998 from the joint conclusion of the land-lease and sale contract and the general management contract [21].
Prema tome, ocjena moguće ekonomske prednosti temelji se na analizi prihoda koje je NEUWOGES 1998. mogao očekivati s obzirom na zajedničko sklapanje Ugovora o nasljednom pravu građenja i Općeg ugovora o upravljanju [21].
As regards the land-lease and sale contract in particular, the Commission expressed two doubts:
U pogledu Ugovora o nasljednom pravu građenja Komisija je posebno navela dva pitanja:
First, clarification was required as to whether the debt write-off pursuant to the Inherited Debt Support Law could be taken into account in the assessment [22].
najprije je bilo potrebno razjasniti je li u ocjenu potrebno uključiti otpis na temelju zakona Altschuldenhilfegesetz [22],
Second, the Commission sought further information on the differences between the 1997 and 2007 valuations, asserting that without further clarification it was impossible to determine which, if any, represented the actual market value of the property in 1997/98 [23].
kao drugo, Komisija je htjela dobiti dodatne informacije o razlikama između stručnih procjena fer vrijednosti iz 1997. i 2007. jer bez detaljnijih informacija nije moguće utvrditi u kojoj bi se od tih procjena mogla odražavati stvarna tržišna vrijednost nekretnine u godinama 1997./1998. [23].
With respect to the general management contract, the Commission reasoned first that the comparison contracts indicated that the conditions agreed between NEUWOGES and BAVARIA were not unusual on the market at the relevant time (1997/98) [24].
U pogledu Općeg ugovora o upravljanju Komisija je najprije uputila na činjenicu da iz primjera ugovora proizlazi da uvjeti koje su ugovorili NEUWOGES i BAVARIA u predmetnom trenutku (1997./1998.) nisu bili neuobičajeni na tržištu [24].
The Commission asserted, second, that the — albeit limited — bidding process carried out by NEUWOGES demonstrates that NEUWOGES had the ability to inform itself in the market and take an economically rational decision [25].
Kao drugo, Komisija je navela da se ograničenim postupkom podnošenja ponuda koji je proveo NEUWOGES dokazuje da je NEUWOGES imao mogućnost ispitati tržište i donijeti ekonomski razumnu odluku [25].
Third, the Commission referred to the fact that the contractually agreed rent level for 2008 actually corresponded to the average rent in the relevant neighbourhood in 2008 or was only slightly below this [26].
Kao treće, Komisija je uputila na činjenicu da su ugovorene najamnine za 2008. stvarno odgovarale prosječnoj najamnini u predmetnoj gradskoj četvrti 2008. ili su samo u maloj mjeri bile niže od nje [26].
Despite the fact that all these factors pointed towards the conclusion that the general management contract did conform to normal market conditions, the Commission solicited further information about the actual expectations of participants in the real estate market in 1998 in order to analyse the respective arguments in more depth [27].
Iako su svi ti čimbenici upućivali na usklađenost Općeg ugovora o upravljanju s tržišnom praksom, Komisija je zatražila daljnje informacije o očekivanjima sudionika na tržištu nekretnina 1998. kako bi mogla bolje ispitati odgovarajuće argumente [27].
The Commission finally examined the cash-flow analysis submitted by NEUWOGES, ultimately coming to the conclusion that, due to methodological deficiencies, the analysis could not prove an economic advantage in favour of BAVARIA [28].
Naposljetku je Komisija istražila analizu novčanog toka koju je dostavio NEUWOGES i zaključila da se tom analizom zbog metodoloških nedostataka ne može dokazati ekonomska prednost u korist trgovačkog društva BAVARIA [28].
In conclusion, the Commission decided that, on the basis of the submitted information, it could not prove that BAVARIA had been granted an economic advantage [29].
Komisija je stoga došla do zaključka da na temelju dostavljenih informacija ne može dokazati ekonomsku prednost u korist trgovačkog društva BAVARIA [29].
However, it indicated its intention to analyse the participants’ arguments in more depth and called upon all interested parties to provide additional useful information [30].
Međutim, objavila je svoju namjeru detaljnijeg ispitivanja argumenata sudionika na tržištu i od svih je zainteresiranih strana zatražila dodatne relevantne informacije [30].
NATIONAL COURT PROCEEDINGS
NACIONALNI SUDSKI POSTUPCI
On 28 November 2008, Rostock Regional Court issued its judgment in first-instance proceedings between BAVARIA and NEUWOGES.
Sud LG Rostock 28. studenoga 2008. donio je presudu u prvostupanjskom postupku između društava BAVARIA i NEUWOGES.
BAVARIA had initiated the proceedings as, from October 2006 onwards, NEUWOGES had refused to pay the monthly leasing payment agreed in the general management contract, arguing that the contract was void because it contained illegal state aid.
BAVARIA je podnijela tužbu jer je NEUWOGES od listopada 2006. odbijao plaćanje mjesečne rate leasinga dogovorene u Općem ugovoru o upravljanju uz obrazloženje da je ugovor ništavan jer sadržava nezakonitu državnu potporu.
In its judgment, Rostock Regional Court reasoned that the land-lease and sale contract and the general management contract had to be viewed as a unit and not in isolation, as they both formed part of one and the same sale-and-lease-back transaction [31].
U svojoj presudi sud LG Rostock najprije je zaključio da je Ugovor o nasljednom pravu građenja i Opći ugovor o upravljanju potrebno promatrati kao cjelinu, a ne zasebno, jer su oba ugovora sastavni dio jedne transakcije povratnog leasinga [31].
With respect to the land-lease and sale contract, Rostock Regional Court first calculated the annual rent for the land over the first 30 years of the contract, arriving at a figure of […]% per year.
U pogledu Ugovora o nasljednom pravu građenja sud LG Rostock najprije je istražio godišnju kamatu na nasljedno pravo građenja za prvih 30 godina trajanja Ugovora o nasljednom pravu građenja; ona je iznosila […] % godišnje.
The court expressed the view that this did not constitute inappropriately low remuneration since NEUWOGES received the ground rent for the first 30 years upfront and could invest it, which would not have been the case if the rent had been paid on a yearly basis [32].
Sud LG Rostock smatrao je da pritom nije riječ o neprimjereno niskoj naknadi jer je NEUWOGES unaprijed primio kamate za prvih 30 godina i mogao ih je uložiti na način kojim bi ostvario dobit, što ne bi bilo moguće u slučaju godišnjeg plaćanja [32].
Rostock Regional Court further affirmed that the debt write-off obtained by NEUWOGES under the sale-and-lease-back transaction had to be taken fully into account, as the transaction created the conditions allowing for the debt write-off to be secured [33].
Nadalje, sud LG Rostock zaključio je da je oslobođenje od starih dugova koje je NEUWOGES dobio na temelju transakcije povratnog leasinga potrebno u potpunosti uzeti u obzir jer su na temelju te transakcije nastali preduvjeti za oslobođenje od starih dugova [33].
When the debt write-off is added to the purchase price for the buildings, the resulting figure is only 16 % lower than that determined for the buildings in the 2007 valuation and is thus not disproportionate to the buildings’ value [34].
Ako se iznos oslobođenja od starih dugova doda na kupovnu cijenu zgrada, dobiveni iznos samo je za 16 % niži od vrijednosti zgrada navedene u stručnoj procjeni fer vrijednosti iz 2007. i stoga nije nerazmjeran vrijednosti zgrade [34].
The court finally reasoned that NEUWOGES had an interest in a low purchase price, as a lower purchase price reduced BAVARIA’s overall investment volume and the corresponding leasing payment [35].
Nadalje, sud LG Rostock navodi da je NEUWOGES bio zainteresiran za nisku kupovnu cijenu jer su se nižom kupovnom cijenom smanjili ukupni opseg ulaganja trgovačkog društva BAVARIA i odgovarajuća rata leasinga [35].
Additionally, it held that a lower purchase price was also beneficial since NEUWOGES’ payment obligations towards the inherited debt relief fund depended on the price obtained in the sale [36].
Usto je sud LG Rostock zaključio da je niža kupovna cijena bila povoljna i jer obveze plaćanja NEUWOGES-a prema fondu Erblastentilgungsfonds ovise o prihodu od prodaje [36].
As regards the general management contract in particular, Rostock Regional Court began by expressing the view that a duration of 30 years was not uncommon in real-estate leasing transactions [37].
U pogledu Općeg ugovora o upravljanju sud LG Rostock najprije je naveo da u slučaju leasinga nekretnina trajanje ugovora od 30 godina nije ništa neuobičajeno [37].
Second, it considered that the contractually agreed leasing payment of initially EUR […] per m2 was not disproportionate to the average rents for comparable buildings at the relevant time (1997/98) [38].
Kao drugo, sud je smatrao da ugovorena rata leasinga od izvornih […] EUR/m2 nije bila nerazmjerna prosječnim najamninama za slične zgrade u predmetnom razdoblju (1997./1998.) [38].
Rostock Regional Court further considered that the yearly increase in the leasing payment by […]% was justified, having regard to average inflation between 1970 and 1998 (i.e. 3,52 % per year) [39].
Nadalje, sud je zaključio da je godišnje povećanje rate leasinga za […] % s obzirom na inflaciju od 1970. do 1998. (tj. prosječno 3,52 % godišnje) opravdano [39].