natgillin/translations-raw huggingface dataset:
By its order of 4 January 2008, the Court ruled that that the conditions to restore the economic equilibrium of the company were lacking and thus the fallimento proceedings could not be replaced by amministrazione straordinaria proceedings.
Sodišče je v svojem sklepu z dne 4. januarja 2008 odredilo, da pogoji za ponovno vzpostavitev gospodarskega ravnotežja niso bili izpolnjeni, zato postopkov fallimento ne morejo nadomestiti postopki amministrazione straordinaria.
That ruling was challenged by the Ministry before the Naples Court of Appeal (hereinafter ‘the Court of Appeal’).
Ministrstvo je izpodbijalo ta sklep na Pritožbenem sodišču v Neaplju (v nadaljnjem besedilu: pritožbeno sodišče).
Moreover, the Administrator explained that, since the company was still engaged in fallimento proceedings, its economic activity had ceased.
Poleg tega je upravitelj pojasnil, da se je gospodarska dejavnost podjetja končala, ker je podjetje še vedno vključeno v postopek fallimento.
However, as is apparent from the Administrator’s comments, especially from the Court’s ruling, there was no concrete follow-up on the investment programme, which remained an abstract document containing no indications of the projects to be supported or any funds which might be used.
Vendar se program naložb, kot je jasno iz pripomb upravitelja, zlasti iz odločbe sodišča, dejansko pozneje ni upošteval, ampak je ostal le abstrakten dokument, ki ne vsebuje nobenih navedb o projektih, ki jih je treba podpreti, ali sredstvih, ki jih je treba uporabiti.
The Administrator further emphasised that no other public resources, apart from the rescue aid, were granted for the rescue and/or restructuring of Ixfin.
Upravitelj je poleg tega izpostavil, da razen pomoči za reševanje niso bila dodeljena nobena druga javna sredstva za rešitev in/ali prestrukturiranje podjetja Ixfin.
The Administrator also indicated that on 23 June 2006 Ixfin submitted a draft restructuring plan to Sviluppo Italia SpA, which had not been acted upon in view of the company’s bankruptcy.
Upravitelj je poleg tega navedel, da je podjetje Ixfin 23. junija 2006 predložilo osnutek načrta prestrukturiranja podjetju Sviluppo Italia s.p.a., ki ni bil izpolnjen ob upoštevanju stečaja podjetja.
The Administrator forwarded a copy of the draft restructuring plan, drawn up by a consultant, to the Commission.
Upravitelj je Komisiji poslal izvod osnutka načrta prestrukturiranja, ki ga je sestavil svetovalec.
With respect to the adequacy of the amount of rescue aid, the Administrator passed on to the Commission the applications for rescue aid which were submitted by Ixfin to Sviluppo Italia SpA on 30 September 2005 and 11 November 2005.
V zvezi s primernostjo zneska pomoči za reševanje je upravitelj poslal Komisiji zahtevka za pomoč za reševanje, ki ju je podjetje Ixfin poslalo podjetju Sviluppo Italia s.p.a. 30. septembra 2005 in 11. novembra 2005.
Since the Commission had asked for the balance sheets of Pufin and Maxfin for the years 2004, 2005 and 2006, the Administrator submitted copies of them.
Ker je Komisija zahtevala bilance stanja podjetij Pufin in Maxfin za leta 2004, 2005 in 2006, je upravitelj predložil izvode teh bilanc.
As for the execution of the state guarantee, the Administrator stated that on 3 July 2006 the Bank had asked the Ministry to repay the guaranteed loan.
Upravitelj je v zvezi z unovčitvijo državnega jamstva navedel, da je Banka 3. julija 2006 pozvala ministrstvo, naj povrne zagotovljeno posojilo.
ITALY’S COMMENTS ON THE THIRD-PARTY OBSERVATIONS
PRIPOMBE ITALIJE O UGOTOVITVAH TRETJIH OSEB
The Italian authorities commented on the third-party observations.
Italijanski organi so navedli svoje pripombe o ugotovitvah tretjih oseb.
They stated, among other things, that they were now in a better position than before to respond to the allegations contained in the Decision to open the formal investigation procedure.
Med drugim so navedli, da lahko zdaj lažje odgovorijo na navedbe iz odločitve o sprožitvi formalnega postopka preiskave.
As regards the state guarantee on the EUR 15 million loan from the Bank, the Italian authorities clarified the following points.
Italijanski organi so v zvezi z državnim jamstvom za posojilo pri banki v znesku 15 milijonov EUR pojasnili naslednje točke.
Third, the Italian authorities submitted a copy of a letter of 30 November 2006 by which the Ministry asked the competent authorities (the Naples public prosecutor’s office) to submit a request for it to be added to the list of creditors, in accordance with Article 93 of Legislative Decree No 270/1999.
Italijanski organi so prav tako predložili izvod dopisa z dne 30. novembra 2006, s katerim je ministrstvo pozvalo pristojne organe (urad javnega tožilca v Neaplju), naj predložijo zadevni zahtevek, ki bi se priložil k seznamu dolžnikov, v skladu s členom 93 zakonskega odloka št. 270/1999.
As regards Ixfin’s fallimento proceedings, the Italian authorities stated that from the declaration of bankruptcy on 5 July 2006, the company had remained subject to fallimento proceedings and confirmed the information submitted by the Administrator in that respect.
Kar zadeva postopke fallimento v zvezi s podjetjem Ixfin, so italijanski organi navedli, da je podjetje na podlagi uvedbe stečajnega postopka 5. julija 2006 še vedno vključeno v postopke fallimento, in potrdili informacije, ki jih je predložil upravitelj v zvezi s tem.
Furthermore, the Italian authorities confirmed that the appeal against the court’s ruling was still pending.
Poleg tega so italijanski organi potrdili, da postopek pritožbe zoper odločbo sodišča še ni končan.
As for the Protocollo, the Italian authorities annexed a copy of it and stated that it does not provide for any aid for Ixfin.
Kar zadeva sporazum Protocollo, so italijanski organi predložili njegov izvod in navedli, da ne določa nobene pomoči za podjetje Ixfin.
The Italian authorities, moreover, sent the Commission a copy of the draft notification of the restructuring plan, which, however, as they stated, was not subsequently sent to the Commission since the Court had officially declared Ixfin insolvent.
Poleg tega so italijanski organi poslali Komisiji izvod osnutka obvestila o načrtu prestrukturiranja, ki po njihovem mnenju nato ni bil poslan Komisiji, ker je sodišče uradno razglasilo podjetje Ixfin za plačilno nesposobno.
The Italian authorities also submitted a copy of the loan agreement between the Bank and Ixfin, from which it transpires that the loan was granted on 30 December 2005 at an interest rate of 3,591 % (see recital 20 of this Decision) and not 3,752 %, as indicated in point 15 of the opening Decision on the basis of the information initially available.
Italijanski organi so predložili tudi izvod sporazuma o posojilu med banko in podjetjem Ixfin, iz katerega je razvidno, da je bilo posojilo odobreno 30. decembra 2005 z obrestno mero 3,591 % (glej uvodno izjavo 20 te odločbe) in ne s 3,752 %, kot je navedeno v točki 15 odločitve o sprožitvi postopka na podlagi informacij, ki so bile prvotno na voljo.
EVENTS SUBSEQUENT TO THE OPENING OF THE FORMAL INVESTIGATION PROCEDURE
DOGODKI PO SPROŽITVI FORMALNEGA POSTOPKA PREISKAVE
By its order of 4 June 2008, notified on 15 July 2008, the Court of Appeal upheld the ruling of the Court and thus the conclusion that the substantive conditions did not exist to replace the fallimento proceedings by amministrazione straordinaria proceedings.
Pritožbeno sodišče je s svojim sklepom z dne 4. junija 2008, objavljenim 15. julija 2008, potrdilo odločbo sodišča in s tem ugotovitev, da ni vsebinskih pogojev za nadomestitev postopkov fallimento s postopki amministrazione straordinaria.
The Ministry has lodged an appeal against the ruling with the Supreme Court of Cassation, which has yet to give its final ruling on the case.
Ministrstvo je vložilo pritožbo zoper odločbo pri vrhovnem kasacijskem sodišču, ki še ni izdalo končne odločbe v zvezi s to zadevo.
In this regard the Commission observes that pursuant to Articles 66 to 68 of the Notice from the Commission — Towards an effective implementation of Commission decisions ordering Member States to recover unlawful and incompatible State aid [10] — national authorities are allowed to support the continuation of the economic activity of the beneficiary only as far as it allows immediate and effective recovery of aid.
Komisija v zvezi s tem ugotavlja, da lahko nacionalni organi v skladu s točkami 66 do 68 obvestila Komisije „Za učinkovito izvajanje odločb Komisije, ki od držav članic zahtevajo dosego vračila nezakonite in nezdružljive državne pomoči“ [10], podprejo nadaljevanje gospodarske dejavnosti upravičenca, če to omogoča takojšnje in učinkovito vračilo pomoči.
Article 87(1) of the EC Treaty stipulates that any aid granted by a Member State or through state resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods is, in so far as it affects trade between Member States, incompatible with the common market.
Člen 87(1) Pogodbe ES določa, da je vsaka pomoč, ki jo odobri država članica, ali kakršna koli vrsta pomoči iz državnih sredstev, ki izkrivlja ali bi lahko izkrivljala konkurenco z dajanjem prednosti posameznim podjetjem ali proizvodnji posameznega blaga, nezdružljiva s skupnim trgom, če vpliva na trgovino med državami članicami.
The guarantee for Ixfin was granted by the Italian State with its own funds, as Ixfin did not pay any premium for it.
Italija je odobrila jamstvo za podjetje Ixfin iz svojih lastnih sredstev, ker podjetje Ixfin za to ni plačalo nobene premije.
It enabled Ixfin to obtain a loan, which, as a company in severe financial distress, it could not have obtained without the state guarantee.
Tako je lahko podjetje Ixfin dobilo posojilo, ki ga kot podjetje z resnimi finančnimi težavami ne bi moglo pridobiti brez državnega jamstva.
Therefore, by providing a guarantee for the loan, a selective advantage was conferred on Ixfin through state resources.
Zato je podjetje Ixfin z zagotovitvijo jamstva za posojilo dobilo selektivno prednost iz državnih sredstev.
Rescue and restructuring aid is regarded as being among the most distortive types of State aid since it makes it possible to sustain a company which, without state intervention, would exit the market.
Pomoč za reševanje in prestrukturiranje se obravnava kot ena od najbolj izkrivljajočih vrst državne pomoči, ker omogoča ohranitev podjetja, ki brez državne intervencije ne bi obstajalo na trgu.
Ixfin was active in the production and distribution of electronic components for both the automotive and the telecommunications sectors.
Podjetje Ixfin je bilo dejavno na področju proizvodnje in distribucije elektronskih komponent za avtomobilski in telekomunikacijski sektor.
These products are traded within the EU and the relevant market is supranational, as pointed out in the decision from the Italian competition authority [11].
S temi izdelki se trguje v EU, pri čemer je zadevni trg nadnacionalen, kar je izpostavljeno v odločbi italijanskega organa za konkurenco [11].
Moreover, at the time of receiving the aid, Ixfin planned to resume its production activity.
Poleg tega je podjetje Ixfin ob prejetju pomoči načrtovalo ponovni zagon proizvodne dejavnosti.
Thus, the advantage it obtained through the guarantee enabled it to take measures to rescue the company and eventually continue the economic activity for a certain period.
Tako je lahko podjetje zaradi prednosti, ki jo je pridobilo na podlagi jamstva, sprejelo ukrepe za rešitev podjetja in sčasoma v določenem obdobju nadaljevalo z gospodarsko dejavnostjo.
Therefore, it can be concluded that the aid in question distorts or is likely to distort competition and affect trade between Member States, by favouring certain undertakings.
Zato Komisija ugotavlja, da zadevna pomoč izkrivlja ali verjetno izkrivlja konkurenco in vpliva na trgovino med državami članicami z dajanjem prednosti nekaterim podjetjem.
Moreover, point 3(2)(a) of the Notice on the application of Articles 87 and 88 of the EC Treaty to State aid in the form of guarantees [12] (hereinafter ‘the Notice’) sets out a number of requirements to exclude from a public guarantee any element of State aid: the beneficiary must not be in financial difficulties, the guarantee must not cover more than 80 % of the outstanding loan, and a market-oriented premium must be paid.
Poleg tega določa točka 3(2)(a) Obvestila o uporabi členov 87 in 88 Pogodbe ES za državno pomoč v obliki poroštev [12] (v nadaljnjem besedilu: obvestilo) več pogojev, ki zagotavljajo, da javno jamstvo ne vključuje nobenega elementa državne pomoči: upravičenec ne sme biti v finančnih težavah, jamstvo ne sme zajemati več kot 80 % neodplačanega posojila in plačati je treba tržno oblikovano ceno.
In the present case the guarantee covers the totality of the loan, no premium has been paid and, as will be shown below in Section VIII.2.1, the beneficiary is a company in difficulty.
V zadevnem primeru zajema jamstvo celotno posojilo, plačana ni bila nobena premija in, kot je razvidno iz oddelka VIII.2.1, je upravičenec podjetje v težavah.
The measure therefore constitutes State aid within the meaning of Article 87(1) of the EC Treaty.
Ukrep zato pomeni državno pomoč v smislu člena 87(1) Pogodbe ES.
Compatibility of State aid with the common market
Združljivost državne pomoči s skupnim trgom
The exemptions pursuant to Article 87(2) of the EC Treaty do not apply in the present case.
Odstopanja iz člena 87(2) Pogodbe ES se v zadevnem primeru ne uporabljajo.
As for the exemptions pursuant to Article 87(3) of the EC Treaty, since the primary objective of the aid is to restore the long-term viability of the company, only the exemption in Article 87(3)(c) of the EC Treaty, which allows for State aid to be granted 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, can be applied.
Kar zadeva odstopanja po členu 87(3) Pogodbe ES, se lahko uporabi le odstopanje iz člena 87(3)(c) Pogodbe ES, ki dovoljuje, da se državna pomoč dodeli za spodbujanje razvoja določenih gospodarskih dejavnosti ali določenih gospodarskih območij, kadar takšna pomoč ne spreminja trgovinskih pogojev v obsegu, ki bi bil v nasprotju s skupnimi interesi, ker je prvotni cilj pomoči znova vzpostaviti dolgoročno sposobnost preživetja podjetja.
The aid can only be considered compatible with the common market on the basis of Article 87(3)(c) of the EC Treaty if the conditions laid down in the Community Guidelines on State aid for rescuing and restructuring firms in difficulty are respected.
Pomoč se lahko šteje za združljivo s skupnim trgom na podlagi člena 87(3)(c) Pogodbe ES le, če so upoštevani pogoji iz smernic Skupnosti o državni pomoči za reševanje in prestrukturiranje podjetij v težavah.
Eligibility of the company in difficulty for State aid
Upravičenost podjetja v težavah do državne pomoči
According to point 9 of the Guidelines, the Commission considers a firm to be in difficulty where it is unable, whether through its own resources or with the funds it is able to obtain from its owner/shareholders or creditors, to stem losses which, without outside intervention by the public authorities, will almost certainly condemn it to go out of business in the short or medium term.
Komisija v skladu s točko 9 smernic meni, da je podjetje v težavah, kadar ni zmožno z lastnimi sredstvi ali s sredstvi, ki jih lahko pridobi od svojih lastnikov/delničarjev ali upnikov, preprečiti izgube, ki bi brez zunanjega posredovanja državnih organov kratkoročno ali srednjeročno skoraj gotovo ogrozile obstoj družbe.
Point 11 of the Guidelines indicates that the usual signs of a firm in difficulty are increasing losses, diminishing turnover, growing stock inventories, excess capacity, declining cash flow, mounting debt, rising interest charges and falling or nil asset value.
Točka 11 smernic navaja, da so običajni znaki podjetja v težavah vedno večje izgube, upadanje prometa, kopičenje zalog, presežki prostih zmogljivosti, padanje denarnih tokov, vedno večji dolgovi, vedno večji stroški obresti ali zmanjševanje čiste vrednosti sredstev.
Table 1 shows that debts were increasing, cash flow was declining and turnover went from EUR 104 million to EUR 3 million in just 17 months.
V preglednici 1 je prikazano, da so se dolgovi povečevali, da so se denarni tokovi zmanjšali in da se je promet zmanjšal s 104 milijonov EUR na 3 milijone EUR zgolj v 17 mesecih.
According to point 10(c) of the Guidelines a firm is also regarded as being in difficulty where it fulfils the criteria under its domestic law for being the subject of collective insolvency proceedings.
V skladu s točko 10(c) smernic se obravnava, da je podjetje v težavah, kadar po domači zakonodaji izpolnjuje merila za uvedbo kolektivnih postopkov insolventnosti.
Finally, the bankruptcy of Ixfin was declared by the competent court on 5 July 2006.
Nazadnje je pristojno sodišče 5. julija 2006 uvedlo stečajni postopek zoper podjetje Ixfin.
Based on the above, the Commission considers that Ixfin is a firm in difficulty within the meaning of points 10 and 11 of the Guidelines.
Na podlagi navedenega Komisija meni, da je Ixfin podjetje v težavah v smislu točk 10 in 11 smernic.
It should, however, be noted that, according to point 13 of the Guidelines, companies that are part of a group are as a rule not eligible for restructuring aid, except where it can be demonstrated that the firm’s difficulties are intrinsic and are not the result of an arbitrary allocation of costs within the group, and that the difficulties are too serious to be dealt with by the group itself.
Vendar je treba opozoriti, da v skladu s točko 13 smernic podjetje, ki pripada skupini, običajno ni upravičeno do pomoči za prestrukturiranje, razen če je mogoče dokazati, da je razlog za težave v podjetju samem in te niso posledica samovoljnega prerazporejanja stroškov v skupini ter da so težave prevelike, da bi jih lahko odpravila skupina sama.
Ixfin is part of the Pufin group.
Ixfin je del skupine Pufin.
It should first be noted that Ixfin has debts of EUR 3,7 million towards its parent company Maxfin.
Najprej je treba opozoriti, da Ixfin dolguje 3,7 milijona EUR svojemu matičnemu podjetju Maxfin.
Table No 2 demonstrates that neither the financial situation of Maxfin nor that of Pufin was such as to enable them to grant Ixfin the resources required on a scale comparable to the rescue aid granted by Italy.
V preglednici 2 je prikazano, da podjetji Maxfin in Pufin zaradi svojega finančnega položaja nista mogli dodeliti zahtevanih sredstev podjetju Ixfin v obsegu, primerljivem pomoči za reševanje, ki jo je dodelila Italija.
Third, the financial means of Ixfin’s subsidiaries are not such as to have enabled them to free up there sources necessary to save Ixfin.
Poleg tega hčerinske družbe podjetja Ixfin nimajo dovolj finančnih sredstev, da bi lahko sprostile sredstva, potrebna za rešitev podjetja Ixfin.
It can be thus concluded that neither Pufin, nor Maxfin nor Ixfin’s subsidiaries were able to finance the rescue of Ixfin and thus that Ixfin’s difficulties were too serious to be dealt with by the group itself.
Zato se lahko ugotovi, da podjetje Pufin, podjetje Maxfin in hčerinske družbe podjetja Ixfin niso mogli financirati rešitve podjetja Ixfin ter da so bile tako težave podjetja Ixfin prevelike, da bi jih lahko odpravila skupina sama.
In order to dispel the Commission’s doubts as to whether the company’s difficulties were intrinsic and not the result of an arbitrary allocation of costs within the group, the Italian authorities first provided information which indicates that the difficulties of the company were due to several factors: a decrease in orders, mainly from its principal clients, and an increase of debts, in particular after the company was managed by the investor between March and December 2004 (as indicated in recital 17 of this Decision).
Da bi odpravili pomisleke Komisije, da je razlog za težave v podjetju samem in da te niso posledica samovoljnega prerazporejanja stroškov v skupini, so italijanski organi najprej predložili informacije, ki kažejo, da so težave podjetja nastale zaradi več dejavnikov: zmanjšanje naročil predvsem najpomembnejših strank in povečanje dolga zlasti potem, ko je podjetje od marca do decembra 2004 upravljal vlagatelj (kot je navedeno v uvodni izjavi 17 te odločbe).
Second, the Italian authorities pointed out that the parent company, after having bought back Ixfin, did not carry out any transaction which would amount to an arbitrary allocation of costs within the group.
Poleg tega so italijanski organi poudarili, da matična družba po ponovnem odkupu podjetja Ixfin ni izvršila nobenega posla, ki bi pomenil samovoljno prerazporejanje stroškov v skupini.
Therefore the Commission, basing itself on the information at its disposal, considers that Ixfin complies with the conditions laid down in point 13 of the Guidelines.
Zato Komisija na podlagi informacij, ki jih ima na voljo, meni, da podjetje Ixfin izpolnjuje pogoje iz točke 13 smernic.
Compatibility of the rescue aid with the common market
Združljivost pomoči za reševanje s skupnim trgom
Rescue aid must meet the conditions set out in point 25 of the Guidelines in order to be compatible with the common market.
Da bi bila pomoč za reševanje združljiva s skupnim trgom, mora izpolnjevati pogoje iz točke 25 smernic.
According to point 25(a) of the Guidelines, rescue aid must consist of liquidity support in the form of loan guarantees or loans; in both cases, the loan must be granted at an interest rate at least comparable to those observed for loans to healthy firms.
V skladu s točko 25(a) smernic mora pomoč za reševanje vključevati likvidnostno pomoč v obliki jamstev za posojilo ali v obliki posojil; v obeh primerih mora biti posojilo zagotovljeno po obrestni meri, ki je vsaj primerljiva z obrestno mero, ki jo plačujejo zdrava podjetja.
First, in the present case the rescue aid consists of liquidity support (see recital 20 of this Decision).
V zadevnem primeru pomoč za reševanje vključuje likvidnostno pomoč (glej uvodno izjavo 20 te odločbe).
As far as the interest rate is concerned, the Commission has to review its preliminary finding that this seemed to correspond to the rate normally applied to healthy companies.
Kar zadeva obrestno mero, mora Komisija proučiti svojo prvotno ugotovitev, da naj bi obrestna mera ustrezala meri, ki se običajno uporabi za zdrava podjetja.
In fact, since the interest rate actually applied to the guaranteed loan was 3,591 %, compared to the Commission’s reference rate for Italy of 4,08 %, the Commission concludes that it is not comparable to that normally applied to healthy companies.
Ker je obrestna mera, ki se je dejansko uporabila za zajamčeno posojilo, znašala 3,591 %, Komisija v primerjavi z referenčno mero Komisije za Italijo, ki znaša 4,08 %, ugotavlja, da ta obrestna mera ni primerljiva z obrestno mero, ki se običajno uporabi za zdrava podjetja.
The Commission therefore considers that the rescue aid granted to Ixfin does not comply with the criteria of point 25(a) of the Guidelines.
Zato Komisija meni, da pomoč za reševanje, ki je bila dodeljena podjetju Ixfin, ne izpolnjuje meril iz točke 25(a) smernic.
As regards, in the present case, the conditions in point 25(b) of the Guidelines, the Commission considers that they have been met, since the rescue aid is aimed at mitigating serious social difficulties, while it has no unduly adverse spillover effects on other Member States.
Kar zadeva pogoje iz točke 25(b) smernic, Komisija meni, da v zadevnem primeru ti pogoji niso bili izpolnjeni, ker je cilj pomoči za reševanje ublažitev resnih socialnih težav, pri čemer nima neupravičenih škodljivih učinkov prelivanja na druge države članice.