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Document 62011CA0244
Case C-244/11: Judgment of the Court (Fourth Chamber) of 8 November 2012 — European Commission v Hellenic Republic (Failure of a Member State to fulfil obligations — Articles 43 EC and 56 EC — Scheme under which prior authorisation is required for the acquisition of voting rights representing 20 % or more of the share capital in certain ‘strategic public limited companies’ — Arrangements for ex post control of certain decisions taken by those companies)
Case C-244/11: Judgment of the Court (Fourth Chamber) of 8 November 2012 — European Commission v Hellenic Republic (Failure of a Member State to fulfil obligations — Articles 43 EC and 56 EC — Scheme under which prior authorisation is required for the acquisition of voting rights representing 20 % or more of the share capital in certain ‘strategic public limited companies’ — Arrangements for ex post control of certain decisions taken by those companies)
Case C-244/11: Judgment of the Court (Fourth Chamber) of 8 November 2012 — European Commission v Hellenic Republic (Failure of a Member State to fulfil obligations — Articles 43 EC and 56 EC — Scheme under which prior authorisation is required for the acquisition of voting rights representing 20 % or more of the share capital in certain ‘strategic public limited companies’ — Arrangements for ex post control of certain decisions taken by those companies)
OJ C 9, 12.1.2013, p. 15–15
(BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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12.1.2013 |
EN |
Official Journal of the European Union |
C 9/15 |
Judgment of the Court (Fourth Chamber) of 8 November 2012 — European Commission v Hellenic Republic
(Case C-244/11) (1)
(Failure of a Member State to fulfil obligations - Articles 43 EC and 56 EC - Scheme under which prior authorisation is required for the acquisition of voting rights representing 20 % or more of the share capital in certain ‘strategic public limited companies’ - Arrangements for ex post control of certain decisions taken by those companies)
2013/C 9/22
Language of the case: Greek
Parties
Applicant: European Commission (represented by: E. Montaguti and G. Zavvos, Agents)
Defendant: Hellenic Republic (represented by: P. Mylonopoulos and K. Boskovits, Agents)
Re:
Failure of a Member State to fulfil obligations — National legislation under which prior approval is required for the acquisition of voting rights corresponding to 20 % or more of the total share capital in companies of national strategic importance — Breach of Articles 49 TFEU and 63 TFEU
Operative part of the judgment
The Court:
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1. |
Declares that, by laying down the requirements referred to in Article 11(1), read in conjunction with Article 11(2), and those referred to in Article 11(3) of Law 3631/2008 on the creation of a national fund for social cohesion, the Hellenic Republic has failed to fulfil its obligations under Article 43 EC on the freedom of establishment; |
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2. |
Orders the Hellenic Republic to pay the costs. |