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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Unlimited Liability of State-Owned Banks Under the Ec-Rules of State AIDS

Unlimited Liability of State-Owned Banks Under the Ec-Rules of State AIDS

Immenga, Ulrich
Rudo, Joachim

Paperback

AccountingInvesting & FinanceGeneral Law

ISBN10: 3642958605
ISBN13: 9783642958601
Publisher: Springer Nature
Published: Feb 16 2012
Pages: 142
Weight: 0.50
Height: 0.33 Width: 6.14 Depth: 9.21
Language: English
The applicability of EC law of state aids to the state s unlimited liability for Savings Banks and Landesbanken is controversial. Legal and political discussions following the Maastricht-II-Treaty tend to assume that liabilities have to be qualified as state aids. However, as the liabilities in question derive from public ownership, they have to be distinguished from securities for corporate debts which might be qualified as state aids under EC law. In this context the book discusses state aids to public companies and the private investor test of the EC Court of Justice. The authors question the EC Commission s concept to quantify refinancing advantages which are supposed to be achieved by virtue of public liability.

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