This document is an excerpt from the EUR-Lex website
Document 62013TA0305
Case T-305/13: Judgment of the General Court of 25 June 2015 — SACE and Sace BT v Commission (State aid — Export credit insurance — Reinsurance granted by a public undertaking to its subsidiary — Capital contributions to cover the subsidiary’s losses — Notion of State aid — Imputability to the State — Private investor test — Obligation to state reasons)
Case T-305/13: Judgment of the General Court of 25 June 2015 — SACE and Sace BT v Commission (State aid — Export credit insurance — Reinsurance granted by a public undertaking to its subsidiary — Capital contributions to cover the subsidiary’s losses — Notion of State aid — Imputability to the State — Private investor test — Obligation to state reasons)
Case T-305/13: Judgment of the General Court of 25 June 2015 — SACE and Sace BT v Commission (State aid — Export credit insurance — Reinsurance granted by a public undertaking to its subsidiary — Capital contributions to cover the subsidiary’s losses — Notion of State aid — Imputability to the State — Private investor test — Obligation to state reasons)
OJ C 262, 10.8.2015, p. 18–19
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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10.8.2015 |
EN |
Official Journal of the European Union |
C 262/18 |
Judgment of the General Court of 25 June 2015 — SACE and Sace BT v Commission
(Case T-305/13) (1)
((State aid - Export credit insurance - Reinsurance granted by a public undertaking to its subsidiary - Capital contributions to cover the subsidiary’s losses - Notion of State aid - Imputability to the State - Private investor test - Obligation to state reasons))
(2015/C 262/23)
Language of the case: Italian
Parties
Applicants: Servizi assicurativi del commercio estero SpA (SACE) (Rome, Italy); and Sace BT SpA (Rome) (represented by: M. Siragusa and G. Rizza, lawyers)
Defendant: European Commission (represented by: G. Conte, D. Grespan and K. Walkerová, acting as Agents)
Intervener in support of the applicants: Italian Republic (represented by: G. Palmieri, acting as Agent, assisted by S. Fiorentino, avvocato dello Stato)
Re:
Application for annulment of Commission Decision 2014/525/EU of 20 March 2013 on the measures SA.23425 (11/C) (ex NN 41/10) implemented by Italy in 2004 and 2009 for SACE BT S.p.A. (OJ 2014 L 239, p. 24).
Operative part of the judgment
The Court:
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1. |
Annuls Article 2(2) of Commission Decision 2014/525/EU of 20 March 2013 on the measures SA.23425 (11/C) (ex NN 41/10) implemented by Italy in 2004 and 2009 for SACE BT S.p.A; |
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2. |
Dismisses the action as to the remainder; |
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3. |
Servizi assicurativi del commercio estero SpA (SACE) and Sace BT shall bear their own costs, including those relating to the interlocutory proceedings; |
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4. |
The European Commission shall bear its own costs, including those relating to the interlocutory proceedings; |
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5. |
The Italian Republic shall bear its own costs, including those relating to the interlocutory proceedings. |