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Europe Daily Bulletin No. 12020

16 May 2018
Contents Publication in full By article 24 / 34
COURT OF JUSTICE OF THE EU / State aid
General Court suspends recovery of aid allegedly unduly granted to Elche football club
Brussels, 15/05/2018 (Agence Europe)

The public guarantee granted by the Instituto Valenciano de Finanzas to Elche football club should not be immediately paid back, the General Court of the EU ruled in a summary judgment returned on Tuesday 15 May (case T-901/16).

In July 2016, the European Commission concluded that this aid awarded to Elche football club was in breach of EU state aid rules, as the club obtained two bank loans for a total of €14 million at more advantageous conditions. This public financing was not connected...

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EXTERNAL ACTION
SECTORAL POLICIES
INSTITUTIONAL
ECONOMY - FINANCE
SOCIAL AFFAIRS
COURT OF JUSTICE OF THE EU
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