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Image header Agence Europe
Europe Daily Bulletin No. 11429
Contents Publication in full By article 28 / 39
COURT OF JUSTICE OF THE EU / (ae) state aid

Court says HSH Nordbank bail out is legal

Brussels, 12/11/2015 (Agence Europe) - On Thursday 12 November, the General Court dismissed the action brought by two shareholders from the German HSH Nordbank who were seeking the complete or at least partial annulment of the European Commission decision of 2011 validating the German rescue measures in favour of this bank that suffered significantly from the “sub-prime” crisis.

The Commission considered that those measures, while constituting state aid, were compatible with the...

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