Judgment of the General Court of 19 September 2019 — FIH Holding and FIH v Commission

(Case T-386/14 RENV) (1)

(State aid - Banking sector - Aid granted to FIH in the form of a transfer of its impaired assets to a new subsidiary and the subsequent purchase thereof by the body responsible for guaranteeing financial stability - State aid for banks during the crisis - Decision declaring the aid compatible with the internal market - Admissibility - Calculation of the amount of the aid - Manifest error of assessment)

(2019/C 399/45)

Language of the case: English

Parties

Applicants: FIH Holding A/S (Copenhagen, Denmark) and FIH A/S, previously FIH Erhvervsbank A/S (Copenhagen) (represented by: O. Koktvedgaard, lawyer)

Defendant: European Commission (represented by: L. Flynn, A. Bouchagiar and K. Blanck, acting as Agents)

Re:

Action on the basis of Article 263 TFEU for annulment of Commission Decision 2014/884/EU of 11 March 2014 on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC (OJ 2014 L 357, p. 89).

Operative part of the judgment

The Court:

1.	Annuls Commission Decision 2014/884/EU of 11 March 2014 on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC;

2.	Orders the European Commission to bear its own costs and to pay those incurred by FIH Holding A/S and FIH A/S.

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(1)  OJ C 253, 4.8.2014.