11.9.2010   

EN

Official Journal of the European Union

C 246/38

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annul, in whole or in part, the contested decision insofar as:

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order the defendant to pay the costs of the proceedings.

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misapplied Article 107(1) TFEU to the facts and, in any event, incorrectly assessed the facts and failed to state sufficient reasons, in so far as it found that the interest-rate subsidies received by WAM for trade-penetration programmes in non-member States were liable to affect intra-Community trade and to distort competition, failing to have regard to the findings already set out in that regard by the Court of Justice in Case C-94/06 P, (2) and by the General Court in Case T-316/04, (3) in breach of Article 266 TFEU;

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incorrectly found, without reasoning, that Article 107(1) TFEU was applicable to the financing in question, without taking into consideration the principles and rules applied by itself to similar support measures for trade-penetration programmes in non-member States. The Commission did not find that that financing had been granted in the context of the scheme provided for under Law 394/1981, and also infringed Article 108(1) TFEU and Article 1(b) of Regulation 659/99;

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incorrectly found, while failing to provide adequate reasons, that the aid from which WAM benefited was in part incompatible with the common market, thereby infringing Article 107(3)(c) TFEU, the de minimis regulation and the relevant block exemption regulations;

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incorrectly calculated the grant equivalent of the aid in the form of subsidised interest received by WAM;

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failed to initiate the procedure under Article 108(2) TFEU, in order to re-adopt the decision already annulled by the Court of Justice and the General Court, thereby breaching WAM’s rights of defence.

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breached the principles of sound administration and diligence owing, in particular, to the excessive duration of the administrative procedure.