State aid to banks
Einde inhoudsopgave
State aid to banks (IVOR nr. 109) 2018/5.18:5.18 The case of MPS
State aid to banks (IVOR nr. 109) 2018/5.18
5.18 The case of MPS
Documentgegevens:
mr. drs. R.E. van Lambalgen, datum 01-12-2017
- Datum
01-12-2017
- Auteur
mr. drs. R.E. van Lambalgen
- JCDI
JCDI:ADS587015:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Mededingingsrecht / EU-mededingingsrecht
Deze functie is alleen te gebruiken als je bent ingelogd.
Case T-313/13, Codacons v. Commission
Another case in which the action was dismissed as manifestly inadmissible is the case of MPS. In 2012, the Italian bank Monte dei Paschi di Siena (MPS) received State aid, which was approved by the Commission in the rescue decision of 17 December 2012. On 11 June 2013, Coordinamento delle associazioni per la tutela dell’ambiente e dei diritti degli utenti e consumatori (Codacons) had brought an action for annulment against the rescue decision of 17 December 2012. By order of 3 July 2013, the action was dismissed as manifestly inadmissible. The General Court recalled that there is a time-limit of two months for bringing an action for annulment. Since the action in this case was brought too late, the action was dismissed as manifestly inadmissible.