Powered by Lexis+®
Jurisdiction(s):
United Kingdom

EU competition law update (24 April 2024): General Court dismisses appeal on Spanish ship acquisition tax lease State aid; merger notifications; MSC/GIP III/Italo phase I decision; upcoming dates

Published on: 24 April 2024

Published by a LexisNexis Competition expert
Legal News
Table of contents
  • State aid
  • Mergers
  • Upcoming dates
Article summary

State aid General Court dismisses appeal concerning Spanish aid for the acquisition of ships

The General Court has delivered its judgment in Case T-514/14, Hispavima v Commission, on an action contesting the Commission’s decision of 17 July 2013 which found that a Spanish scheme for acquiring ships, relying on leasing and financing via tax relief, involved unlawful State aid (SA.21233) (the Commission’s 2013 decision). The case concerned that Spanish arrangement as identified in SA.21233. The General Court dismissed the appeal. Under that scheme, a shipowner could have a new vessel built with a rebate on the price charged by the shipyard. To obtain the discounted price (after deducting the rebate), however, the shipping company had to agree not to purchase the vessel directly from the yard, but to buy it from an economic interest grouping (EIG) incorporated under Spanish law and set up by a bank...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow