natgillin/translations-raw huggingface dataset:
Account is also taken of the context (liquidation of the undertaking and wholesale redundancies), which is in no way comparable to a cut in staff numbers allowing the company to stay in business, which is the premise for the reference social plan.
Strokovnjak Komisije ni izrazil posebnega nasprotovanja v zvezi z vrednotenjem ostalih sredstev.
Ultimately, the French authorities consider that, even when using the analysis grid established by the General Court in its judgment of 15 September 2012, the transfer of control of SNCM for the negative sale price of EUR 158 million did not include elements of State aid.
Vendar ni sprejel postavke „čisti finančni tok“, ker je ta v primanjkljaju.
They maintain that the Commission has all the information necessary to respond to the Court’s criticisms.
Komisija zato meni, da je treba to postavko uvrstiti med obveznosti družbe SNCM.
The Commission does not share this analysis.
Po ocenah Komisije je bila vrednost sredstev družbe SNCM na dan 30. septembra 2005 211,4 milijona EUR, ob upoštevanju raznih prilagoditev.
According to the General Court judgment [122], the making of additional redundancy payments may, in principle, constitute a legitimate and appropriate practice, depending on the circumstances of the case, the aim being to foster a calm social dialogue and preserve the brand image of a company or group of companies.
O vrednotenju obveznosti družbe SNCM
In accordance with the principle of equal treatment of private and public sectors, the option of making additional redundancy payments is also open to the Member States in the event that a public undertaking goes into liquidation, even though their obligations cannot, in principle, exceed the strict minimum under statutory and contractual obligations.
Komisija ugotavlja, da je znesek prednostnih dolgov po ocenah francoskih organov 153,8 milijona EUR, znesek neprednostnih dolgov pa 170,9 milijona EUR (brez dodatnih odpravnin).
However, the Court states that ‘… the burden of those additional costs, because of legitimate concerns, cannot follow an exclusively social, even political, objective, as it would otherwise go beyond the framework of the private investor test … In the absence of any economic rationale, even in the long term, the assumption of the burden of costs which exceeds the strict statutory obligations and obligations under agreements must therefore be considered to be State aid within the meaning of Article 87(1) EC’ [123].
Kar zadeva zlasti socialne obveznosti, so francoski organi stroške socialnega načrta iz kolektivne pogodbe ocenili na [70–80] [60] Zaupen podatek.
Regarding the argument put forward by the French authorities on protecting the State’s brand image, the Court considers that ‘… the protection of the brand image of a Member State as a global investor in the market economy cannot constitute, other than under specific circumstances and without a particularly cogent reason, sufficient justification to demonstrate the long-term economic rationale of the assumption of additional costs such as additional redundancy payments’ [124].
milijonov EUR.
There are no such specific circumstances in this case.
Stroški, povezani z navedenim načrtom, so bili določeni na individualni podlagi ob upoštevanju vrste pogodbe (pogodba za nedoločen čas ali pogodba za določen čas), veljavnih statutov in kolektivnih pogodb (posadka, pisarniško osebje in častniki), delovne dobe, položaja in plače.
The Commission notes that, following the launch of the procedure, the French authorities failed to define the economic activities of the French State, particularly at geographical and sectoral level.
Ta znesek vključuje nadomestila namesto odpovednega roka ([20–30] [60] Zaupen podatek.
An assessment needs to be carried out of the long-term economic rationale of the measures in question, even though the French authorities eventually stated in their correspondence of 16 May 2013 that the State’s actions should be compared to those of a diversified holding company, seeking to maximise its profits and protect its brand image as a global business, particularly as regards the management of its staff.
milijonov EUR), nadomestila za plačani dopust po odpovedi ([0–10] [60] Zaupen podatek.
Regarding the brand image of CGMF, the Commission notes that it had no assets other than SNCM in the maritime transport sector.
milijonov EUR), pogodbene odpravnine ([30–40] [60] Zaupen podatek.
This argument cannot therefore apply to it.
milijonov EUR) in prispevek Delalande ([0–10] milijonov EUR) [134].
Regarding the brand image of the State as shareholder, the French authorities asserted that there was a high risk of social unrest in State-controlled undertakings, liable to affect not only those undertakings located in close proximity to SNCM’s operations, but all sectors, and in particular the transport sector.
Po ocenah francoskih organov so stroški socialnega načrta, ki ni določen s kolektivno pogodbo, [30–40] [60] Zaupen podatek.
The Commission holds the view that the French authorities failed to demonstrate that there was a bona fide risk of contagion to all public undertakings and that they also failed to demonstrate that the payment of the additional compensation helped prevent further strike action.
milijonov EUR.
Finally, the Commission considers that the State’s assertion that the payment of the additional compensation was made on purely social grounds is not sufficient to rule out the presence of State aid.
Ta načrt združuje vse spremne ukrepe, povezane z zakonskimi in regulativnimi obveznostmi glede odpuščanja [135], ter posredne stroške socialnega načrta iz kolektivne pogodbe [136].
Furthermore, the Commission considers that the French authorities have not adduced sufficient objective and verifiable data capable of showing that the making of additional redundancy payments, in similar circumstances, is an established practice among private entrepreneurs.
Stroški prekinitve glavnih pogodb o poslovanju se nanašajo predvsem na unovčenje bančnega jamstva v znesku 7,4 milijona EUR, položenega kot jamstvo, da bo družba SNCM ustrezno izvajala svoje obveznosti javne službe, ki se mu prišteje kazen, določena v navedeni pogodbi, v višini 2 % referenčnega finančnega nadomestila v vrednosti 63 milijonov EUR za leto 2005, to je približno 1,2 milijona EUR v primeru neizpolnitve obveznosti pooblaščenca.
The Commission notes that the mere reference to a limited number of social plans is not enough to demonstrate the existence of a sufficiently established practice in cases comparable to the one at hand, that the redundancy schemes referred to by the French authorities relate to restructuring rather than liquidation plans, and that a large number of these concern sectors which, on the face of it, have nothing in common with transport infrastructure (e.g. the cosmetics industry (Yves Saint-Laurent Haute couture), the agri-food industry (Danone) and the electronics industry (Hewlett Packard)).
Francoski organi v zvezi z neto obveznostmi, povezanimi s prodajo ladij v zakupu [137], poudarjajo, da je specializirani posrednik BRS na podlagi nekaterih predpostavk [138] ovrednotil neto prihodek od prodaje na 144,8 milijona EUR na dan 30. septembra 2005 po popustu, posredniški proviziji in finančnih stroških prevoza.
Furthermore, the table prepared by the French authorities in the note of 16 May 2013, which sets out a list of social plans, details six plans launched after the privatisation of SNCM and which cannot, therefore, serve as grounds for taking into account the additional redundancy payments.
Ker prihranki od davčnih in bančnih dolgov znašajo 193,5 milijona EUR, neporavnani preostanek bančnih dolgov v zvezi z ladjami v zakupu znaša 48,7 milijona EUR.
SNCM produced a new list of five social plans in the note of 27 August 2013.
Tabela 4
The Commission considers that this list does not prove that the making of additional redundancy payments, in similar circumstances, is an established practice among private entrepreneurs.
Scenariji za vrednotenje obveznosti družbe SNCM na dan 30. septembra 2005
The Commission notes that, of the five plans in question, two concern SNCM, one of which is the subject of the present decision.
Vrednost obveznosti
These two plans cannot therefore be used to make objective comparisons for two reasons:
Dolg, ki se plačuje prednostno in vključuje:
first, SNCM’s former practices in this area do not constitute a sufficient basis to justify the established nature of the practice and, second, the 2002 social plan relates to a period when SNCM was still under public control, while the comparison criterion set by the General Court was private undertakings operating in the same field.
socialne in davčne dolgove
As such, the Commission notes that the Port of Marseille social plan cannot be taken into account because in 2004 the port was in public, not private hands.
[20–30]*
Moreover, as regards the last two social plans referred to, i.e. Air Lib and Eurostar, the Commission observes that these are restructuring, not liquidation plans.
finančne dolgove, zajamčene s sredstvi [139]
Lastly, the Commission observes that the average additional compensation of these two plans is more than 50 % below the average additional compensation paid by SNCM.
Stroški socialnega načrta iz kolektivne pogodbe
Finally, the Commission notes that the French authorities have not established that the French State’s actions were motivated by a reasonable probability of obtaining an indirect material profit, even in the long term, by avoiding increased social unrest within the undertaking, given that the latter would have folded in the event of liquidation.
[70–80]*
There is insufficient evidence to support the hypothesis that larger payouts were made to employees of other public undertakings.
Stroški likvidacijskega postopka
This standpoint is lent even more credence by the fact that, even from the point of view of a global investor as hypothesised by the French authorities, the granting of very high severance payments to employees of a company is likely to complicate any future restructuring of other companies belonging to the same investor.
Vmesne izgube iz poslovanja [141]
Furthermore, the French authorities have not quantified the significant nature of the potential social costs which they cite as justification for the granting of additional redundancy payments.
Plačila prednostnim upnikom
The French authorities have also argued that a liquidation procedure would have been longer and potentially riskier for the State as shareholder than the sale of SNCM at a negative price.
Nezavarovani dolgovi [142]
The Commission notes that the French authorities have failed to provide proof of this risk and have not explained why the length of the liquidation procedure would have been taken into account by a private shareholder.
Stroški socialnega načrta, ki ni določen s kolektivno pogodbo
The Frucona Kosice [125] case referred to by the French authorities has no bearing on the present case because it concerns the private creditor test.
[30–40]*
The length of a liquidation procedure is relevant for analysing whether the State, as creditor of Frucona Kosice, maximised recovery of its debts by accepting immediate partial repayment or if it would have been better to wait for the outcome of the liquidation of the undertaking.
Stroški prekinitve glavnih pogodb o poslovanju
The circumstances of the present case are different since the State is a shareholder in SNCM, not a private creditor.
[10–20]*
Given that, in the event of liquidation of SNCM, the assets would clearly not be sufficient to cover the liabilities, the State would be unable to recover its contribution.
Dodatni stroški, povezani s prodajo ladij v zakupu
Consequently, the length of the liquidation procedure has no bearing on this case.
Plačila nezavarovanim upnikom
The French authorities have therefore failed to justify the shouldering of the cost of these additional payments by the State acting as a private investor in the context of a liquidation.
Komisija ugotavlja, da socialne obveznosti tvorijo večino obveznosti družbe SNCM.
At this stage in the analysis, the Commission must determine the value of the liquidation of SNCM excluding the additional redundancy payments.
Kar zadeva prednostne socialne obveznosti, tj. stroške socialnega načrta, je strokovnjak Komisije preveril formule za izračun vseh sestavnih delov načrta na podlagi raziskav in ni odkril nobenih anomalij ali napak.
On the liquidation value of SNCM
Glede na to Komisija meni, da je znesek v višini [70–80] [60] Zaupen podatek.
According to the revalued net asset method, an asset shortfall is determined when the economic value of the actual assets (generally higher than the net book value) does not cover the economic value of the actual debts.
milijonov EUR, ki so ga predložili francoski organi za socialni načrt iz kolektivne pogodbe, razumen.
In order to determine an asset shortfall in the present case, the Commission, with the assistance of its expert [126], verified as explained above that on 30 September 2005 the value of SNCM’s assets was insufficient to pay off preferential and non-preferential creditors.
Komisija v zvezi z vmesnimi izgubami iz poslovanja meni, da je ocena preudarna glede na zakonodajo, zlasti člen L.622-10 francoskega trgovinskega zakonika (Code du commerce) in člen 119-2 odloka št. 85-1388 z dne 27. decembra 1985, na podlagi katerih lahko pristojno trgovinsko sodišče odloči, da mora SNCM nadaljevati svoje poslovanje še dva meseca, kar se lahko na zahtevo organa, pristojnega za pregon, obnovi na podlagi obveznosti javne službe.
The Commission takes the view that the valuation of net assets is a method commonly used to value companies in the maritime transport sector.
Strokovnjak Komisije ni izrazil posebnega nasprotovanja v zvezi z nezavarovanimi dolgovi.
It considers, furthermore, that the method in question is particularly appropriate in SNCM’s case since the reference shareholder’s only alternative to the sale is to put the company into liquidation.
Strokovnjak Komisije v zvezi s stroški socialnega načrta, ki ni določen s kolektivno pogodbo (brez upoštevanja dodatnih odpravnin), meni, da je treba oceno stroškov sodnih postopkov zmanjšati z [0–10] [60] Zaupen podatek.
As regards other valuation methods, in particular that of ‘present value of operating free cash flows’, the Commission considers that, since this method appraises the company as a going concern, which would not be the case if SNCM were to go into liquidation, it is inapplicable in the present case.
milijona EUR.
The Commission chose 30 September 2005 as the reference date for the valuation of SNCM since that was the date on which the choice between the acceptance of the takeover bid or the liquidation of the company was actually made, the selection of BCP having been decided upon on 27 September 2005.
Čeprav je Komisija v zvezi s tem prepričana, da bi sindikalne organizacije zahtevale spremembo pogodb za določen čas v pogodbe za nedoločen čas [143], vseeno meni, da bi morala številka temeljiti samo na zaposlenih s pogodbo za nedoločen čas, katerih položaj je očitno negotov (takšnih pogodb je 150).
On the value of SNCM’s assets
Glede na bruto mesečno plačo v višini [2000–2500] [60] Zaupen podatek.
The Commission observes in particular that SNCM’s shareholder, in collaboration with Ernst & Young, calculated the cost of liquidating the undertaking (see the abovementioned CGMF report) on 30 September 2005, and supplementary expert opinions were provided by Oddo Corporate Finance and the Paul Hastings law firm.
EUR ter nadomestilo v višini devetih mesečnih plač za prvih [100–120] [60] Zaupen podatek.
The Commission notes that the Oddo-Hastings report referred to above valued SNCM’s assets at EUR 190,3 million.
pogodb za nedoločen čas in šestih mesečnih plač za naslednjih [50–70] [60] Zaupen podatek.
As regards the valuation of the fleet held in its name [127], the gross market value of SNCM’s vessels had been assessed at EUR 224 million on 30 September 2005 by the specialist broker BRS, while the Oddo report valued the fleet at EUR 150,7 million after discount [128], brokerage commission [129] and legal uncertainty [130].
pogodb, je ta znesek [0–10] [60] Zaupen podatek.
Table 3
milijonov EUR.
Scenarios for the valuation of SNCM’s assets on 30 September 2005
Glede neto obveznosti, povezanih s prodajo ladij v zakupu, Komisija meni, da so predpostavke, na katerih temelji izračun, upravičene, predvsem zaradi tega, ker GIZ pretirano slonijo na pogodbenih formalnostih, kar omejuje kakršno koli nadomestitev družbe SNCM s tretjo stranko in davčne ugodnosti pogojuje z upravljanjem ladij pod francosko zastavo.
Sources:
Poleg tega ni razloga za uporabo pravne negotovosti v povezavi z ladjami v zakupu, saj so jih prodale banke upnice GIZ.
Oddo-Hastings report, Commission expert’s report.
Po mnenju Komisije je v teh okoliščinah razumno, da se upoštevajo finančni stroški prevoza, nastali med 30. septembrom 2005 in datumom dejanske prodaje ladje.
Value of asset
Glede na navedeno Komisija meni, da so prednostne obveznosti družbe SNCM na dan 30. septembra 2005 znašale 153,8 milijona EUR, neprednostne pa 181,1 milijona EUR.
Oddo report
O ugotovitvi primanjkljaja sredstev
Commission expert
Glede na navedeno Komisija meni, da je bila vrednost sredstev družbe SNCM na dan 30. septembra 2005 (tj. 211,4 milijona EUR) premajhna, da bi se poravnali dolgovi do prednostnih upnikov (153,8 milijona EUR) in neprednostnih upnikov (181,1 milijona EUR), ki so skupaj znašali 334,9 milijona EUR.
Intangible asset
Primanjkljaj sredstev zato znaša približno 123,5 milijona EUR.
Tangible assets
O upoštevanju tožbe za poravnavo dolgov
Fleet held in own name
Komisija je preučila tudi trditev francoskih organov, da bi lahko bila država kot večinska delničarka v primeru likvidacije podjetja pozvana k poravnavi dolgov (glej spodaj).
Buildings [131]
Ena izmed zainteresiranih strani (družba CFF) je izpodbijala uporabo nacionalne sodne prakse, na katero so se v obravnavanem primeru sklicevali francoski organi.
Investments [132]
Francoski organi menijo, da so na dan 30. septembra 2005 skupni dejanski stroška države kot delničarke preko družbe CGMF znašali med 312,1 milijona EUR in 361 milijonov EUR.
Fixed assets
Pri tej oceni se upošteva zlasti tveganje, da bi morala država poravnati dolgove, če bi jo sodišče spoznalo za dejanskega upravitelja družbe SNCM, in tveganje, da bi bilo državi naloženo izplačilo dodatnih odpravnin odpuščenemu osebju.
Inventories
Francoski organi menijo, da je treba navedeni tveganji upoštevati pri izračunu dejanskih stroškov morebitne likvidacije družbe SNCM.
Accounts receivable
V skladu s francoskim pravom je likvidacijski upravitelj družbe v likvidacijskem postopku pooblaščen, da vloži tožbo za odškodnino, imenovano „tožba za poravnavo dolgov“, zoper nekdanje upravitelje družbe v primeru odpovedi sanacijskega načrta ali stečaja ali prisilne likvidacije [144].
Other receivables [133]
Tožba za poravnavo dolgov se vloži zoper nekdanje upravitelje plačilno nesposobnega podjetja zaradi potrebe po obnovitvi premoženja družbe, kar je ena izmed nalog likvidacijskega upravitelja.
Net cash
Tako so francoski organi v več dopisih Komisiji trdili, da je predpostavka, da bo nacionalno sodišče državi naložilo poravnavo dolgov podjetja, ki ga vodi, več kot verjeten scenarij in da jo je treba upoštevati pri izračunu dejanskih stroškov morebitne likvidacije družbe SNCM.
Prepayments and accrued income
Družba SNCM je v svojem dopisu z dne 28. februarja 2008 predložila poročilo družbe Baker & McKenzie, v katerem so ocenjene posledice tožbe za poravnavo dolgov, vložene zoper francosko državo.
Other assets
V navedenem poročilu je ugotovljeno, da bi trgovinsko sodišče, ki bi obravnavalo to zadevo, zelo verjetno ugotovilo odgovornost države v zvezi s tem in ji naložilo plačilo vseh socialnih dolgov družbe SNCM.
Total assets
Zadevna zakonodaja določa, da se lahko socialni dolgovi družbe v likvidaciji prenesejo v breme njenih nekdanjih pravnih ali dejanskih upraviteljev, če so izpolnjeni vsi štirje pogoji.
From the table above, it is clear to the Commission that the fleet of vessels constitutes the main element in the valuation of the undertaking.
Spoznanje države kot pravnega ali dejanskega upravitelja podjetja v prisilni likvidaciji
In that respect, the Commission expert, after carrying out a comparative analysis wherever possible, concluded that the discount applied to the gross market value of the vessels and the precautions for legal uncertainty were logical.
podjetje.
On that basis, it concluded that there was no justification for rejecting the value of the fleet as estimated by the French Government.
Komisija navaja, da francoski organi v dopisu z dne 28. marca 2008 niso izrazili nobenih zadržkov […] [60] Zaupen podatek.
As regards the discount, the Commission is of the opinion that its level is consistent with the discounts observed in sales of vessels in the event of compulsory liquidation.
Francoski organi v svojem dopisu z dne 20. novembra 2006 sami navajajo, da je sodišče […] [60] Zaupen podatek.
The Commission expert referred, by way of example, to the Régie des Transports Maritimes (a state-owned Belgian company operating the Ostend-Ramsgate route) which sold two car ferries in 1997 with discounts estimated at 35 % to 45 %.
Vendar Komisija meni, da izjava francoskih organov z dne 20. novembra 2006 v zvezi s postopkom, povezanim z državno pomočjo, sama po sebi ne more zadostovati, da se v skladu s pravnim standardom dokaže, da bi sodišče spoznalo nacionalne organe kot dejanske upravitelje podjetja, deležnega zadevnih ukrepov, ali zlasti stopnja verjetnosti take možnosti.
More recently, Festival Cruises disposed of three cruise vessels at an average discount of 20 %.
Zlasti v zvezi z obravnavanimi odločitvami še zdaleč ni dokazano, da končna odločitev države pomembno odstopa od prakse, ki jo država upošteva pri upravljanju svojih deležev.
The discounts observed in similar cases are therefore of the same order of magnitude as the discounts applied by the French authorities in this case.
Tudi poročilo družbe Baker & McKenzie poudarja, da se vedno znova ponavljajo nesoglasja glede zaželenega obsega državne intervencije pri upravljanju svojih deležev, in navaja pomembno vlogo, ki jo na splošno ima […] [60] Zaupen podatek.
As for the legal uncertainty, since no comparable transaction has taken place in the market, the Commission considers that the arguments justifying the application of legal uncertainty are warranted given the limited market for vessels of a certain type designed for a fairly specific use.
Primeri domače sodne prakse, ki jih navajata država in družba SNCM, niso neposredno uporabni v zadevnih okoliščinah.
The Commission also notes that its independent expert revised upwards the valuation of the investments, in particular that of SNCM’s holding in CMN (from EUR 21,8 million to EUR 28 million).
Glavni navedeni primeri se nanašajo na lokalne organe, sodba z dne 6. februarja 2001 v zadevi BRGM pa se nanaša na javno industrijsko in komercialno ustanovo.
In that respect, in view of Stef-TFE’s offer to buy out the holding for EUR 35,2 million, as revealed to the Commission during the present investigation, the Commission considers that the valuation of SNCM’s holding in CMN at EUR 28 million is reasonable in the context of a company liquidation.
Ne glede na to še zdaleč ni dokazano, da bi bila država kot javni organ spoznana za dejanskega upravitelja.
The Commission considers therefore that this item should be reclassified under SNCM’s liabilities.
storila napake pri upravljanju.
The Commission notes that the French authorities quantify the amount owed as preferential debts at EUR 153,8 million and the amount owed as non-preferential debts at EUR 170,9 million (excluding additional redundancy payments).
Francoski organi so v svojem dopisu z dne 30. aprila 2007 tveganje, da bo država morala plačati odškodnino, ocenili kot zelo visoko ob upoštevanju meril za opredelitev napak pri upravljanju v smislu člena L. 651-2 trgovinskega zakonika.