In a judgment handed down on Wednesday 20 December (Case T-415/21), the General Court of the European Union rejected Banca Popolare di Bari’s claim for compensation in respect of a European Commission decision of December 2015 which wrongly considered that the preventive support intervention by the FITD fund in favour of Banca Tercas, which Banca Popolare di Bari absorbed, constituted unlawful state aid (see EUROPE B12219A23).
The General Court pointed out that the Union must make good...