In a judgment returned on Wednesday 19 September in case C-438/16, the judges of the Court of Justice of the European Union (CJEU) overturned the judgment of the General Court of the European Union of 26 May 2016, which overturned a decision of the European Commission that an unlimited implicit guarantee granted by the French State to the Institut français du pétrole (IFP) constitutes State aid.
IFP (now IFP Énergies nouvelles) is a French public establishment which was a legal person...