natgillin/translations-raw huggingface dataset:
Secondly, it was based on the reasons stated for the top-up for this remuneration, for which the Commission had set a rate of 1,5 % per annum (after corporation tax and before investor taxes).
Po drugi strani pa je do razveljavitve prišlo glede na utemeljitev višine pribitka za to nadomestilo, za katerega je Komisija določila obrestno mero 1,5 % letno (po obdavčitvi dobička in pred obdavčitvijo naložbe).
These points apart, the Court confirmed in full the Commission decision.
Sicer pa je Sodišče Odločbo Komisije v celoti potrdilo.
RESUMED ADMINISTRATIVE PROCEDURE
NADALJEVANJE UPRAVNEGA POSTOPKA
By letters of 20 and 29 January, 6 February and 28 May 2004, the Commission asked the German authorities for an update of the relevant information for this decision. This was provided on 10 March and 14 June 2004 after an extension of the deadline and orally discussed on 28 July 2004.
Komisija je v pismih z dne 20. in 29. januarja, 6. februarja ter 28. maja 2004 Nemčijo zaprosila za ažuriranje podatkov, pomembnih za to odločbo, ki so bili po podaljšanju roka oddaje posredovani 10. marca in 14. junija 2004, 28. julija 2004 pa se je o njih ustno razpravljalo.
A further letter from the Land of North Rhine-Westphalia was received on 26 August 2004.
Nadaljnje pripombe je dežela Severno Porenje-Vestfalija v tej zvezi posredovala 26. avgusta 2004.
By letter of 6 October 2004, Germany provided additional information that had been requested.
S pismom z dne 6. oktobra 2004 je Nemčija posredovala nadaljnje zaprošene informacije.
In July 2004 the complainant BdB, the Land of North Rhine-Westphalia and WestLB AG reached a preliminary understanding on the proper return that was submitted to the Commission on 19 July and that should, in their view, be used for the two points criticised by the Court.
Julija 2004 so pritožnik BdB, dežela Severno Porenje-Vestfalija in WestLB AG dosegli začasni dogovor, predložen Komisiji dne 19. julija 2004, o primernem nadomestilu, ki bi ga po njihovem mnenju morala Komisija uporabiti v dveh točkah, ki ju Sodišče ni odobrilo.
The definitive version of this understanding was submitted to the Commission on 13 October 2004.
Končno različico tega dogovora je Komisija prejela 13. oktobra 2004.
In the present new decision, the Commission has rectified in line with the Court's indications the two points criticised by it (justification for the basic remuneration and a possible top-up).
V pričujoči novi odločbi je Komisija upoštevala kritiko Sodišča in odpravila pomanjkljivosti v obeh zadevnih točkah (utemeljitev osnovnega nadomestila in morebitnega pribitka).
These two points apart, it maintains in principle the basic assessment given by it in the original decision.
Sicer pa Komisija vztraja pri načelni presoji ukrepa, ki jo je opravila v svoji prvotni odločbi.
However, the Commission has taken into account the results of the talks between the complainant BdB, the Land of North Rhine-Westphalia and WestLB AG regarding the appropriate remuneration.
Vendar pa je Komisija upoštevala rezultate pogovorov med pritožnikom BdB in deželo Severno Porenje-Vestfalija oz. WestLB AG glede višine primernega nadomestila.
For the rest, it has updated as necessary the decision with respect to developments since the previous decision regarding the procedure, the description of the undertaking and the calculation of the aid element, including the fixing of the end of the state aid situation, using the new data provided by Germany for the years following the original decision. The Commission has also shortened a few passages no longer necessary for the new decision.
Poleg tega je Komisija je na podlagi novih podatkov, ki jih je Nemčija predložila za vsa leta od sprejetja prvotne odločbe, opravila posodobitev odločbe, ki je zaradi časovnega poteka od prvotne odločbe postala nujna, glede postopka, predstavitve podjetja in izračuna elementa pomoči, vključno z določitvijo odprave državne pomoči oz. skrajšala nekatere odstavke, ki za novo odločbo niso več potrebni.
During the relevant period for this decision, i.e. from the injection of Wfa on 31 December 1991 to the splitting up of WestLB on 1 August 2002, which ended the state aid situation, WestLB was a public-law institution (Anstalt des öffentlichen Rechts) under the law of the Land of North Rhine-Westphalia.
V zadevnem časovnem obdobju pred prenosom sredstev Wfa dne 31. decembra 1991 vse do razdružitve WestLB dne 1. avgusta 2002, s katero se je končala državna pomoč, je bila WestLB kreditna institucija in subjekt javnega prava po pravnih predpisih dežele Severno Porenje-Vestfalija.
On 31 December 1991 its recognised own capital amounted to DEM 5,1 billion.
Njen priznan lastni kapital je dne 31. decembra 1991 znašal 5,1 milijard DEM.
By law, three functions had been assigned to WestLB: it acted as central bank for the local savings banks in North Rhine-Westphalia and, since 17 July 1992, also as the central institution for savings banks in the Land of Brandenburg; it was engaged in the issuing of debt instruments and the handling of financial transactions for its public shareholders (state-bank function); it operated as a normal commercial bank in its own right.
Z zakonom so ji bile poverjene tri naloge: Služila je kot centralna banka za krajevne hranilnice dežele in od 17. julija 1992 tudi za hranilnice dežele Brandenburška. Opravljala je naloge banke dežele Severno Porenje-Vestfalija in njenih občin, tako da je v imenu svojih delničarjev izvajala finančne transakcije.
Irrespective of special provisions of the Land, WestLB was subject to banking supervision under the German Banking Law (Kreditwesengesetz).
Nenazadnje je v lastnem imenu opravljala splošne bančne dejavnosti. Ne glede na posebne predpise dežele je bila WestLB podvržena nemškemu zakonu o bančništvu in temu primernemu bančnemu nadzoru.
WestLB was 100 % publicly owned.
WestLB je bila v 100-odstotni javni lasti.
The largest single stake in the nominal capital was held by the Land (43,2 %).
Največji delež nominalnega kapitala je imela dežela (43,2 %).
Other shareholders were the municipal associations (Landschaftsverbände) of Rheinland and Westfalen-Lippe (11,7 % each) as well as the associations of local public savings banks (Sparkassen- und Giroverbände) of Rheinland and Westfalen-Lippe (16,7 % each).
Ostali delničarji so bila deželna združenja („Landschaftsverbände“) Porenja in Vestfalije-Lippe (vsak 11,7 %) ter združenja lokalnih hranilnic („Sparkassen- und Giroverbände“) Porenja in Vestfalije-Lippe (vsak 16,7 %).
This ownership structure remained unchanged through the relevant period from 31 December 1991 to 1 August 2002.
Takšna lastniška struktura je ostala nespremenjena v celotnem zadevnem časovnem obdobju med 31. decembrom 1991 in 1. avgustom 2002.
As a public-law institution, WestLB benefited from two forms of guarantees from its public owners: ‘institutional liability’ (Anstaltslast) and ‘guarantor liability’ (Gewährträgerhaftung).
Kot javnopravna institucija je WestLB imela koristi od dveh oblik jamstva s strani svojih javnih lastnikov: „institucionalna odgovornost“ („Anstaltslast“) in „obveznost garanta“ („Gewährträgerhaftung“).
Anstaltslast means that the owners of WestLB are responsible for securing the economic basis of the institution and its function for the entire duration of its existence.
Anstaltslast pomeni, da so lastniki WestLB dolžni zagotoviti gospodarsko osnovo in njeno delovanje za celotno trajanje njenega obstoja.
This guarantee does not create a liability on the part of the owners vis-à-vis the creditors of the bank but only governs the relationship between the public authorities and the bank.
To jamstvo ne ustvarja nobenih obveznosti lastnikov nasproti upnikom banke, temveč zgolj ureja odnose med organi oblasti in banko.
Under the terms of the Gewährträgerhaftung, the owners meet all the liabilities of the bank which cannot be satisfied from its assets.
Gewährträgerhaftung določa, da morajo lastniki poravnati vse obveznosti banke, v kolikor teh ni mogoče poravnati iz sredstev banke.
It establishes a liability on the part of the guarantor vis-à-vis the creditors of the bank.
Ustvarja obveznost garanta nasproti upnikom banke.
Both guarantees were limited neither in time nor in value.
Nobena od jamstev ni bili niti časovno niti vrednostno omejena.
Originally, WestLB was a regional institution that concentrated on supplementing the activities of local savings banks, which in turn focused initially on a primarily social function, providing financial services in sectors characterised by market failure.
Prvotno je bila WestLB regionalna institucija, ki se je osredotočala na dopolnilne dejavnosti lokalnih hranilnic, ki so prvotno opravljale pretežno socialno funkcijo, saj so ponujale finančne storitve na področjih, na katerih trg ni deloval dovolj dobro.
However, savings banks had long since developed into all-purpose credit institutions.
Vendar pa so se hranilnice že zdavnaj razvile v univerzalno dejavne kreditne institucije.
Likewise, over the last few decades WestLB developed increasingly into an independent commercial bank and was a strong competitor on the German and European banking markets.
Isto je veljalo za WestLB, ki se je v zadnjih desetletjih vedno bolj razvijala v neodvisno poslovno banko in postala v zadevnem časovnem obdobju močan konkurent na nemških in evropskih bančnih trgih.
When measured by balance-sheet total, the WestLB group ranked among the five largest German credit institutions during the relevant period.
Glede na svojo bilančno vsoto je skupina WestLB v zadevnem časovnem obdobju sodila med pet največjih nemških kreditnih institucij.
It offered financial services to enterprises and public institutions and was an important player on international capital markets, both for its own account and as manager of other issuers' debt instruments.
Skupina WestLB je nudila finančne storitve za podjetja in javne ustanove in bila dejaven tudi na mednarodnih kapitalskih trgih, tako v lastnem imenu kot tudi za druge izdajatelje dolžniških instrumentov.
Like many German all-purpose banks, WestLB held stakes in financial and non-financial enterprises.
Kot veliko drugih nemških univerzalnih bank je bila WestLB delničar številnih finančnih institucij in drugih podjetij.
It also transacted a substantial part of its business activities outside Germany.
Poleg tega je WestLB pomemben del svoje poslovne dejavnosti opravljala zunaj Nemčije.
Furthermore, under special legal provisions, WestLB, unlike private banks but in the same way as other public credit institutions, was able, until it was split up in August 2002, to conduct mortgage banking and building and loan association business under one organisational roof along with its other operations.
Na podlagi posebnih pravnih predpisov je WestLB do razdružitve avgusta 2002 – za razliko od zasebnih bank, a na enak način kot druge javne kreditne institucije – lahko opravljala hipotekarno kreditno in hranilno poslovanje pod isto organizacijsko streho kot svoje ostale dejavnosti.
It ranked therefore, during the relevant period until it was split up, as one of Germany's most comprehensive all-purpose banks.
Zato je WestLB v zadevnem časovnem obdobju pa vse do njene razdružitve lahko veljala za eno najbolj univerzalnih bank v Nemčiji.
On the other hand, WestLB did not operate a dense network of retail branches.
Po drugi strani pa WestLB ni imela goste mreže podružnic za zasebne stranke.
This market segment was covered by the local savings banks, for which WestLB acted as the central institution.
V tem tržnem segmentu so bile dejavne lokalne hranilnice, za katere je WestLB delovala kot osrednja institucija.
WestLB's profitability, measured by pre-tax profits as a percentage of capital and reserves at group level, did not exceed 6,6 % on average over the eight years preceding the transfer of Wfa (1984-91) and showed no clear upward tendency.
Donosnost WestLB, merjena z dobički pred obdavčitvijo v odstotkovnem razmerju z lastnimi viri sredstev na ravni skupine, je bila v povprečju v osmih letih pred vključitvijo Wfa (1984 – 1991) pri največ 6,6 %, brez očitnega trenda naraščanja.
This performance was substantially below the German as well as the European average.
V primerjavi z nemškim in evropskim povprečjem so bili to zelo slabi rezultati.
The WestLB group increased its balance-sheet total between 1991, i.e. before the transfer, and the end of 2001, when its last annual accounts before it was split up were prepared, from over DEM 270 million to over DEM 840 million, i.e. by more than 300 %.
Skupina WestLB je svojo bilančno vsoto iz leta 1991, torej pred prenosom, do konca leta 2001, v času njenega zadnjega letnega obračuna pred razdružitvijo, povečala z dobrih 270 milijonov DEM na dobrih 840 milijonov DEM in tako več kot potrojila.
By the law of 2 July 2002, the Land of North Rhine-Westphalia split up WestLB as of 1 August 2002 (with retroactive effect under the accounting rules to 1 January 2002) into a public-law parent company, Landesbank Northrhein-Westfalen, and a private-law subsidiary, WestLB AG.
Z zakonom z dne 2. julija 2002 je dežela Severno Porenje-Vestfalija dne 1. avgusta 2002 (s povratno veljavo po računovodskih predpisih s 1. januarjem 2002) WestLB razdelila na javnopravno matično podjetje, deželno banko Severno Porenje-Vestfalija (Landesbank Nordrhein-Westfalen) in civilnopravno hčerinsko podjetje WestLB AG.
WestLB AG took over the commercial activities of the former WestLB, while Landesbank Northrhein-Westfalen took over its public activities.
WestLB AG združuje konkurenčne dejavnosti nekdanje WestLB, Landesbank Nordrhein-Westfalen pa njene javne dejavnosti.
According to Germany, WestLB AG is legally identical to WestLB and is to be considered the debtor for the entire recovery claim.
Po navedbah Nemčije je WestLB AG pravno enaka WestLB in se šteje kot dolžnica celotnih terjatev vračila pomoči.
Wfa was incorporated into Landesbank Northrhein-Westfalen at the time of the split-up and therefore withdrawn from the commercial activities taken over by WestLB AG.
Wfa je bila ob razdružitvi vključena v Landesbank Nordrhein-Westfalen in s tem umaknjena iz konkurenčnih dejavnosti, ki so sedaj združene v WestLB AG.
The rules of Landesbank Northrhein-Westfalen also stipulated that Wfa's capital cannot be used to underpin the mortgage bonds business remaining within the Landesbank and that, in future, a remuneration of 0,6 % per annum was to be paid to the Land in respect of a possible liability function.
S statutom Landesbank Nordrhein-Westfalen je bilo razen tega določeno, da se kapital Wfa ne sme uporabljati za krepitev poslovanja s hipotekarnimi obveznicami, ki ostaja v domeni deželne banke, in da se mora v prihodnje za morebitno funkcijo jamstva deželi plačati nadomestilo v višini 0,6 % letno.
WOHNUNGSBAUFÖRDERUNGSANSTALT (WFA)
ZAVOD ZA POSPEŠEVANJE GRADNJE STANOVANJ (WFA)
Wfa was founded in 1957 and operated until 31 December 1991 as a public-law institution (Anstalt des öffentlichen Rechts).
Wfa (Wohnungsbauförderungsanstalt) je bila ustanovljena leta 1957 in delovala kot institucija javnega prava vse do 31. decembra 1991.
As such, it was an independent entity with a nominal capital of DEM 100 million (EUR 50 million) and the Land of North Rhine-Westphalia as the sole shareholder.
Kot taka je bila pravna oseba z osnovnim kapitalom 100 milijonov DEM (50 milijonov EUR), dežela Severno Porenje-Vestfalija pa njeni edini delničar.
Under Section 6(1) of the former North Rhine-Westphalia Law on the promotion of housing (Wohnungsbauförderungsgesetz), Wfa devoted itself exclusively to the promotion of housing by granting low-interest or non-interest-bearing loans.
Na podlagi poglavja 6 (1) prejšnjega zakona o pospeševanju gradnje stanovanj dežele Severno Porenje-Vestfalija je bila izključna naloga Wfa pospeševati gradnjo stanovanj z dodeljevanjem posojil z znižanimi obrestmi ali brez obresti.
On account of its non-profit character, it was exempt from corporation tax (Körperschaftssteuer), property tax (Vermögenssteuer) and tax on business capital (Gewerbekapitalsteuer).
Zaradi njenega neprofitnega značaja je bila institucija oproščena davka od dobička pravnih oseb, davka od premoženja in obratovalnega davka.
As a public-law institution, Wfa was covered by the Land's ‘institutional liability’ (Anstaltslast) and ‘guarantor liability’ (Gewährträgerhaftung) for all its liabilities.
Kot institucija javnega prava je imela Wfa za vse svoje obveznosti na razpolago jamstvi Anstaltslast in Gewährträgerhaftung dežele Severno Porenje-Vestfalija.
These guarantees remained in place as a result of the transfer.
Ti dve obliki jamstva sta zaradi prenosa ostali nespremenjeni.
The largest single source of financing for the housing-promotion activities was — and still is — the Land Housing Promotion Fund (Landeswohnungsbauvermögen), which has been built up from interest income from housing loans granted by Wfa and annual cash injections from the Land budget.
Glavni vir financiranja za pospeševanje gradnje stanovanj so bila in še vedno so deželna sredstva za pospeševanje gradnje stanovanj „Landeswohnungsbauvermögen“, nastala iz dohodkov od obresti za posojila za gradnjo stanovanj, ki jih je dodelila Wfa, in letnih prenosov sredstev iz deželnega proračuna.
They amounted to about DEM 7400 million (EUR 3780 million) by the end of 1991 and were not shown directly in the balance sheet but only ‘below the line’.
24,7 milijard DEM (12,6 milijard EUR) z 31. decembrom 1991. (31) Pred prenosom je Wfa jamčila za obveznosti dežele Severno Porenje-Vestfalija, ki so slednji nastali zaradi pospeševanja gradnje stanovanj. Vsako leto se je v višini poravnave obveznosti dežele jamstvo Wfa spremenilo v terjatve povračila dežele nasproti Wfa, kar je temu ustrezno zmanjšalo vrednost sredstev za pospeševanje gradnje stanovanj „Landeswohnungsbauvermögen“. Te obveznosti Wfa bi zapadle v plačilo šele, ko Wfa za izpolnitev svojih javnih nalog ne bi bila več odvisna od dohodkov od obresti in vračil posojil. Te obveznosti Wfa so konec leta 1991 znašale okrog 7,4 milijard DEM (3,78 milijard EUR) in v bilanci stanja niso bile prikazane neposredno, temveč zgolj „pod črto“.
CAPITAL REQUIREMENTS UNDER THE OWN FUNDS DIRECTIVE AND THE SOLVENCY RATIO DIRECTIVE
KAPITALSKE ZAHTEVE V SKLADU Z DIREKTIVO O LASTNIH VIRIH SREDSTEV IN DIREKTIVO O SOLVENTNOSTI
Under Council Directive 89/647/EEC on a solvency ratio for credit institutions (‘Solvency Ratio Directive’) and under the Own Funds Directive, banks must have own funds equivalent to at least 8 % of their risk-adjusted assets and risk-bearing off-balance-sheet transactions.
V skladu z Direktivo Sveta 89/647/EGS in Direktivo o lastnih virih sredstev morajo banke razpolagati z lastnimi sredstvi v višini najmanj 8 % svoje tveganju prilagojene tehtane aktive in tveganih zunajbilančnih transakcij.
These Directives necessitated amendments to the German Banking Law which took effect on 1 January 1992.
Ti direktivi sta terjali spremembe nemškega zakona o bančništvu, ki je bil spremenjen 1. januarja 1992.
The new requirements entered into force on 30 June 1993.
Nove zahteve so začele veljati 30. junija 1993.
Until that date German credit institutions were obliged to have own funds equivalent to 5,6 % of their risk-adjusted assets.
Do takrat so morale nemške kreditne institucije razpolagati z lastnimi sredstvi v višini 5,6 % njihove tveganju prilagojene tehtane aktive.
Furthermore, the amount of own funds limits a bank's exposure to large risks.
Poleg tega obseg lastnih sredstev banke slednjo omejuje pri odobritvi velikih kreditov in s tem izpostavljanju večjemu tveganju.
At the time of Wfa's transfer, the German Banking Law (Section 13) stipulated that no single loan granted may exceed 50 % of a bank's own funds and that the total of such loans exceeding 15 % of own funds may not be higher than eight times the bank's own funds.
V času prenosa Wfa je nemški zakon o bančništvu (poglavje 13) določal, da posamezen kredit ne sme presegati 50 % lastnih sredstev kreditne institucije in skupek vseh kreditov, ki presegajo 15 % lastnih sredstev, ne sme biti višji od osemkratne vrednosti lastnih sredstev.
An amendment of the German Banking Law in 1994 to bring it into line with Council Directive 92/121/EEC reduced the maximum loan to 25 % of a bank's own funds and stipulated that the sum of single loans exceeding 10 % of a bank's own funds may not be higher than eight times the total of own funds.
Po spremembi zakona o bančništvu leta 1994, da bi ga uskladili z Direktivo Sveta 92/121/EGS, je najvišji možen kredit omejen na 25 % lastnih sredstev banke, medtem ko skupek velikih kreditov, ki presega 10 % lastnih sredstev banke, ne sme biti višji od osemkratne vrednosti lastnih sredstev.
Moreover, Article 12 of the Second Council Directive 89/646/EEC of 15 December 1989 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions limits the size of qualifying holdings in other credit and financial institutions.
Nadalje člen 12 Druge direktiva Sveta 89/646/EGS z dne 15. decembra 1989 o usklajevanju zakonov in drugih predpisov v zvezi z izvajanjem poslov kreditnih institucij, ki spreminja Direktivo 77/780/EGS omejuje obseg kvalificiranih deležev v drugih kreditnih in bančnih ustanovah.
Furthermore, a special provision in the German Banking Law (Section 12), not based on Community legislation but found in other Member States, limits the total amount of long-term investments, including holdings in non-financial enterprises, to the total amount of the bank's own funds.
Posebna določba nemškega zakona o bančništvu (poglavje 12), ki ne temelji na pravu Skupnosti, ampak jo najdemo tudi v drugih državah članicah, omejuje celoten znesek dolgoročnih naložb – vključno z deleži v podjetjih zunaj finančnega sektorja – na celoten znesek lastnih sredstev banke.
German banks had to adapt to the new capital requirements by 30 June 1993.
Nemške banke so se morale prilagoditi novim zahtevam po lastnem kapitalu do 30. junija 1993.
The own funds cushion of many Landesbanks, including WestLB, was already comparatively weak before transposal of the Solvency Ratio Directive into German law.
Številne deželne banke, med njimi tudi WestLB, so že pred prenosom Direktive o solventnosti v nemško zakonodajo razpolagale z razmeroma majhnimi lastnimi sredstvi.
According to test calculations made by Deutsche Bundesbank in December 1991 on the basis of the provisions of the Directives, the Landesbanks had an average solvency ratio of 6,3 %, compared with the 8 % required from 30 June 1993.
Po testnih izračunih, ki jih je Deutsche Bundesbank opravila decembra 1991 na podlagi določb Direktive, so imele deželne banke povprečno stopnjo solventnosti 6,3 %, medtem ko je vrednost od 30. junija 1993 morala znašati 8 %.
Therefore, there was an absolute need for these institutions to raise new capital in order to avoid restrictions on their business expansion and indeed to maintain their current level of activities.
Zadevne kreditne institucije so morale zato nujno povečati lastni kapital, da bi preprečile omejitev širjenja dejavnosti in da bi sploh lahko zadržale svojo takratno raven dejavnosti.
If a bank cannot demonstrate the necessary level of own funds, it will be ordered by the supervisory authorities to take immediate action to comply with the solvency rules either by raising additional capital or by reducing risk-adjusted assets.
V kolikor banka ne more izkazati nujne ravni obsega lastnega kapitala, nadzorni organ odredi, da mora banka nemudoma sprejeti ukrepe za izpolnjevanje predpisov o solventnosti, bodisi s prejemom dodatnih lastnih sredstev bodisi z zmanjšanjem tveganju prilagojene tehtane aktive.
Private banks had to satisfy additional demand for own funds on the capital markets. Public banks could not move in the same direction since public shareholders decided not to privatise (even in part) their credit institutions.
Medtem ko so morale zasebne banke svoje dodatne potrebe po lastnih sredstvih zadovoljiti na trgu kapitala, so se javne banke temu lahko izognile, saj so njihovi javni delničarji sklenili, da svojih kreditnih institucij ne bodo (niti delno) privatizirali.