State aid to banks
Einde inhoudsopgave
State aid to banks (IVOR nr. 109) 2018/5.14:5.14 The case of Irish Life and Permanent (PTSB)
State aid to banks (IVOR nr. 109) 2018/5.14
5.14 The case of Irish Life and Permanent (PTSB)
Documentgegevens:
mr. drs. R.E. van Lambalgen, datum 01-12-2017
- Datum
01-12-2017
- Auteur
mr. drs. R.E. van Lambalgen
- JCDI
JCDI:ADS584737:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Mededingingsrecht / EU-mededingingsrecht
Toon alle voetnoten
Voetnoten
Voetnoten
Directive 77/91/EEC.
When the Commission adopted its final decision, the action of PTSB’s former shareholders was still pending before Irish courts. This did not prevent the Commission from adopting a final decision. See: IL&P (PTSB), 9 April 2015, para. 18.
On 22 June 2016, Advocate-General Wahl delivered his Opinion.
Deze functie is alleen te gebruiken als je bent ingelogd.
Case C-41/15, Dowling and Others v. Minister for Finance
This case concerned the State aid to Irish Life & Permanent (Permanent TSB or PTSB). Following PTSB’s recapitalisation, a number of PTSB’s former shareholders filed a lawsuit notably on the grounds that the capital injection was incompatible with the Second Company Law Directive.1 The High Court of Ireland asked for a preliminary ruling.2
On 8 November 2016, the Court rendered its judgment.3 In line with the judgment in case C-526/14 (Kotnik and Others), the Court considered that the rights conferred upon shareholders by the Second Company Law Directive do not preclude a Member State from urgently recapitalising an ailing bank in a situation where there is a serious disturbance of the economy and financial system of a Member State.