commiss decis aid scheme implement itali assist larg firm difficulti law convert decre law special measur extraordinari administr larg firm crisi notifi document number italian text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard council regul ec march lai detail rule applic articl ec treati articl thereof regard decis juli commiss invit italian author interest parti submit comment intent withdraw decis decemb propos measur italian republ extraordinari administr larg firm crisi januari initi articl procedur regard law extraordinari administr larg firm state insolv regard commiss decis juli initi procedur articl respect aid nn call interest parti submit comment pursuant provis cite regard comment procedur commiss awar law april convert amend decre law januari special measur extraordinari administr larg firm crisi law formal decis articl articl ec treati discuss italian author commiss accept verbal undertak law longer appli commiss ask italian author inform ow effect measur provid law level employ letter juli commiss inform italian govern decis examin law articl articl ec treati order determin measur requir progress develop function common market commiss commun measur italian author measur propos commiss part constant review provid articl requir plan grant aid law question notifi commun guidelin state aid rescu restructur firm difficulti repli march italian author agre notifi case state guarante grant refus regard measur provid law aid letter march commiss inform itali decis initi proceed articl ec treati respect scheme provid abovement law commiss decis initi proceed publish offici journal european commun commiss invit interest parti submit comment measur question comment receiv letter april minist industri complet version receiv juli italian author commun comment quot rinaldo piaggio ifitalia dornier quot court justic european commun consid question quot system establish law classifi exist aid quot view relev quot resolut disput main proceed bear mind infer nation court draw absenc prior notif commiss aid system issu quot paragraph seq judgment court reject posit commiss whilst recognis law promulg entri forc treati notifi accord articl treati classifi scheme quot exist state aid quot court held commiss posit accept answer question court quot depend subject assess commiss quot paragraph ground judgment commiss letter august announc intent withdraw previou decis propos measur initi articl procedur give italian author interest parti opportun present comment initi proceed articl respect aid provid law henceforth enter regist notifi aid italian author comment procedur letter septemb regist receiv septemb comment substanc letter novemb regist receiv novemb interest parti ecotrad spa cordifin spa comment commiss letter septemb regist receiv septemb comment forward italian author letter octob ii descript princip aim extraordinari administr quot whilst avoid bankruptci quot ensur continu product activ preserv uniti oper complex order maintain exist employ product level quot conserv quot measur subsidiari aim satisfi creditor protect creditor right extraordinari administr procedur establish decre law januari amend convert law subsequ amend occas leav larg number minor made essenti element procedur recit articl law question identifi firm subject extraordinari administr procedur basi factor number employe fewer emploi year debt exposur indebted credit institut special credit institut social welfar social secur institut bodi state major hold time greater paid capit equival minimum itl billion eur million onward articl includ categori firm list cover extraordinari administr procedur aspect articl court find firm insolv fail pai wage month minist industri commerc craft trade agreement minist treasuri adopt decre impos extraordinari administr procedur carri truste appoint minist industri commerc craft supervis supervisori committe compos member set articl law minist pursuant decre establish extraordinari administr procedur take account interest creditor authoris firm remain busi initi period year option authoris normal consequ procedur initi period extend period exceed year extens authoris specif period special case truste draw part restructur plan manag plan interministeri committe industri polici cipi check complianc nation industri polici note plan submit decis initi extraordinari administr procedur articl treasuri guarante debt firm extraordinari administr contract credit institut order financ dai dai manag bring back stream add industri plant build equip articl law extraordinari administr procedur applic group firm control control firm extraordinari administr firm subject manag circumst warrant extraordinari administr procedur end procedur demonstr task conserv take preced protect creditor right proce bankrupt asset alloc creditor payment cost extraordinari administr dai dai manag includ debt incur mean articl italian bankruptci law extraordinari administr procedur end composit accept total asset distribut credit exhaust insuffici asset firm fulfil oblig return financi equilibrium iii commiss decis juli decis juli commun italian author letter august commiss request italian govern interest parti submit comment withdraw commiss decis decemb propos measur articl italian republ januari initi articl procedur respect law extraordinari administr larg firm state insolv initi articl procedur respect scheme establish abovement law futur regist notifi aid commiss base reason action refer indent preced paragraph quot piaggio quot judgment recit draw conclus reason action refer indent paragraph commiss express doubt compat scheme provid law point maintain doubt refer earlier decis januari initi procedur support analysi point exist aid element law question refer case law ecotrad srl af recit opinion aid priori qualifi derog provid treati notabl aid rescu restructur firm difficulti reason decis januari initi formal procedur articl summaris law concern larg firm state insolv extraordinari administr discret administr continu busi unlik bankruptci aim protect firm basi public interest safeguard employ usual consequ insolv allow remain oper reflect system judici protect extraordinari administr subject control administr court empow deal sole legal administr act monitor econom desir transact legisl provis question extraordinari administr except bankruptci procedur aid larg firm difficulti distort manner trade competit common market extraordinari administr number financi advantag involv state resourc exempt individu enforc measur suspens interest payment debt tax author social secur bodi exempt payment fine penalti nonpay compulsori social secur contribut suspens fine delai payment incom tax symbol registr charg transfer ownership firm freez amount ow public bodi compani treasuri guarante scheme provid notif individu case aid contrari commun guidelin rescu restructur aid extens law control control firm group impact competit ecotrad af court justic conclud quot applic undertak system kind introduc law derog rule ordinari law relat insolv regard give rise grant state aid establish undertak permit continu trade circumst permit rule ordinari law relat insolv appli enjoi advantag state guarante reduc rate tax exempt oblig pai fine pecuniari penalti waiver practic public debt wholli part claim insolv undertak connect applic rule ordinari law relat insolv quot iv comment itali italian author comment procedur substanc letter septemb regist receiv septemb substanc letter novemb regist receiv novemb comment procedur letter italian author rais question procedur challeng commiss decis withdraw act relat rule extraordinari administr ground law constitut exist aid initi time articl procedur italian author withdraw exist procedur event place procedur initi time addit commiss requir withdraw decis decemb januari view quot piaggio quot judgment real interest seek comment member state interest parti absenc margin discret comment substanc letter italian author stress concept exist aid evolv commun law develop includ categori tertium genu consist scheme commiss assess compat time keep case law commiss awar law notifi earli decid examin detail view develop common market time posit italian govern develop similar line agre give prior notif case public guarante grant compani debt reserv italian author view justifi fact claim inform commiss aid scheme revok time extraordinari administr procedur introduc adopt decre law juli respons proceed initi letter italian author gave elast interpret court judgment quot rinaldo piaggio quot state court conclud scheme introduc law necessarili give rise grant aid case condit fulfil found firm remain oper circumst wound enjoi advantag grant treasuri guarante exempt payment fine pecuniari penalti event payment compulsori social secur contribut suspens enforc measur respect compani tax debt tax author payment symbol registr charg itl million eur transfer ownership nation court verifi case qualifi aid court guidelin view interpret contrari rule court initi articl procedur respect law gener actual applic procedur longer serv purpos result fact law meantim revok notifi advanc view futur applic regard substant aspect scheme italian author simpli repeat content letter april minist industri full version receiv juli submit comment decis initi procedur notifi letter sg march document contain comment extraordinari administr consist tradit procedur provid law bankruptci itali back temporari carri busi quot esercizio provvisorio quot fact debtor dispossess asset longer manag dispos limit larg firm extens group firm justifi econom social impact sme easier manag bankruptci procedur extraordinari administr differ bankruptci gener aim keep firm afloat view restructur restor viabil sold broken separ entiti comment novemb italian author defin insolv neutral condit inconsist aim specif recognis typic indic firm difficulti effect procedur extraordinari administr bankruptci continu presenc insolv firm market irrelev aim protect creditor worker aid assess basi potenti distort competit basi state aim notic march commiss challeng claim normal firm difficulti extraordinari administr continu busi temporari carri busi except bankruptci italian author repli aim preserv statu quo inher neutral actual grant public resourc give firm question illeg advantag distort market european countri procedur similar extraordinari administr notabl french system quot compulsori administr quot redress judiciair aim protect firm asset signific margin discret procedur launch court adopt statement insolv appli automat gener firm meet size requir authoris continu busi form essenc procedur mean restor firm viabil profit subject legitim interest creditor acknowledg element discret italian author state exercis interest creditor irrelev question scheme compat articl ec treati regard element allegedli constitut state aid itali comment treasuri guarante origin quantifi aid element recognis italian author agre letter march repli commiss letter propos measur articl notifi individu case guarante meantim amend law order includ counterpart form market premium born recipi firm exempt payment fine penalti event payment compulsori social secur contribut relat fine impos entri forc law suspens enforc measur respect compani tax debt tax author italian author prejudic right state preferenti creditor prefer statu enabl claim met mean individu enforc measur proce sale bankrupt asset simpli procedur privileg deriv legal action state secur share proce payment fix registr charg itl million eur transfer ownership italian author introduc parti acquir firm asset benefit insolv firm suspens interest payment amount ow social secur institut form part standard bankruptci procedur automat consequ declar insolv comment parti comment interest parti receiv letter regist septemb parti agre posit commiss letter august vi assess procedur issu italian comment procedur commiss point court justic rule quot piaggio quot reject posit law constitut state aid requir draw conclus act adopt decemb januari rule action annul pursuant articl treati action assess valid pursuant articl treati requir italian govern interest parti submit comment manner plan follow rule withdraw act adopt previous italian author comment lack real interest part commiss seek comment member state interest parti view absenc margin discret fail situat account claim italian author procedur withdrawn initi time constitut form inflex formal sole practic effect lengthen procedur approach commiss guarante decis success cover decis juli turn cover present decis examin compat notifi aid scheme establish law decid withdraw previou decis approach ensur economi procedur directli benefit definit clarif scheme light state aid rule entail economi procedur articl regul ec directli applic present case vii assess substanc italian author present argument call question conclus commiss intend draw court rule law exist aid decis decemb propos measur januari initi proceed withdrawn part interest parti submit comment share view commiss decis juli commiss confirm intent formal withdraw decis point law subject commiss decis includ matter cover ecsc treati usefulli examin order gain understand oper decis ec march commiss conclud state aid present provis law amend law provid applic extraordinari administr procedur firm insolv caus oblig repai state public bodi compani public author major hold sum paid capit event itl billion eur million pursuant decis commun institut articl ec treati measur question declar incompat common market letter june regist receiv june itali state provis revok decis ecsc march commiss conclud aid mean articl ecsc treati grant acciaieri ferrier di servola af form guarante cover amount itl billion eur million premium paid articl treasuri guarante law decis commiss found aid illeg incompat common market coal steel order italian author recov decis ecsc april commiss conclud seri measur benefit ferdofin siderurgica srl suspens payment consider debt public bodi pursuant law constitut aid mean articl ecsc treati decis commiss state aid incompat common market coal steel order italian author recov aid paid suspend law failur ferdofin siderurgica srl pai debt contract public enterpris bodi task identifi legal framework extraordinari administr procedur measur gener measur decid cover articl ec treati law share featur bankruptci procedur number aid element derog bankruptci procedur principl appli firm law extraordinari administr reflect crisi affect larg industri firm itali europ chief aim maintain employ level restructur plan intend firm surviv avoid immedi wound law refer back respect italian bankruptci law applic derog mechan mechan procedur constitut gener measur select hand law specif provis includ grant identifi recipi number special advantag involv public resourc case constitut state aid mean articl ec treati ecotrad af recit decis concern applic law court analys identifi element constitut gener measur virtu characterist conclud constitut aid grant state element court found law intend appli select larg industri undertak difficulti ow larg debt public class creditor paragraph ground element identifi decis place firm difficulti extraordinari administr permit continu trade court establish decis minist industri respect regard interest creditor prospect increas firm asset influenc italian govern acknowledg concern maintain firm econom activ light nation industri polici consider legisl authoris continu trade liabl place firm appli favour situat enabl continu trade circumst allow usual insolv rule appli rule decis protect creditor interest view class firm cover legisl scope discret enjoi minist legisl meet condit specif lastli court point view prioriti accord debt connect pursuit econom activ authoris continu trade circumst involv addit burden public author fact establish state public bodi chief creditor firm difficulti definit firm ow debt consider paragraph ground court identifi advantag grant guarante articl law extens prohibit suspens individu action enforc tax debt penalti interest increas case belat payment compani tax exempt oblig pai fine pecuniari penalti case failur pai social secur contribut applic preferenti rate part firm transfer flat rate registr charg itl million normal rate registr charg properti sold court emphasis advantag entail addit burden public author shown place firm special administr allow continu trade actual fact entail addit burden state compar situat arisen usual insolv rule appli paragraph ground basi analysi commiss conclud element reason court stress authoris continu trade involv addit burden public author fact shown state public bodi chief creditor firm difficulti interpret mean prove case question public resourc involv result effect increas burden state commiss point respect court ascertain effect exist charg virtu aim law appli select larg industri firm difficulti ow larg debt public class creditor italian author challeng analysi comment argument analysi concern law gener specif applic approach ignor fact aid scheme involv result analysi state aid compat common market concern scheme machineri justifi analys individu case order reach decis quot advantag quot identifi court commiss note quot involv state resourc quot disput guarante grant articl law constitut state aid italian author consist regard quot advantag quot commiss repeat state part scheme analys justifi analys individu case respect assum court reason addit burden public author assumpt rule shown advantag entail addit burden state compar situat arisen usual insolv rule appli evid provid italian author comment quot advantag quot aris law challeng conclus regard suspens individu enforc action simpli state measur advers affect right state prefer creditor extent challeng conclus regard exempt payment fine pecuniari penalti point simpli exempt relat penalti impos prior date entri forc law lastli challeng view registr charg transfer ownership advantag short conclud advantag aris law constitut state aid mean articl ec treati ascertain state aid involv aid scheme qualifi derog articl avert ban articl articl defin form aid compat treati view natur purpos scheme question geograph coverag clear derog articl applic present case articl list categori aid regard compat common market compat treati assess standpoint commun pure domest context order safeguard proper function common market regard principl articl treati except articl constru narrowli regard derog articl clear scheme question intend promot import project common european interest remedi disturb italian economi promot cultur heritag conserv region develop derog articl clear scheme appli distinct italian region derog articl aid facilit develop activ clear aid scheme intend facilit develop econom area promot initi assist small medium size busi research develop environment protect job creation train accord commun guidelin state aid small medium size enterpris research develop environment protect employ train purpos scheme adopt extraordinari administr measur assist larg firm difficulti commiss defin polici rescu restructur aid condit consid aid contribut develop econom activ affect trade extent contrari gener interest relev guidelin forc commiss decis juli initi proceed articl treati provid specif state decis possibl authoris rescu restructur aid small medium size firm larg firm individu notif aid mandatori approv scheme rule commiss stress initi proceed believ scheme incompat guidelin rule possibl scheme authoris larg firm provid commiss examin rescu restructur aid grant approv breach articl treati order determin compat common market guidelin forc aid grant time commiss set polici aid rescu restructur firm difficulti eighth report competit polici point polici concern aid arrang introduc member state order provid credit requir firm obtain limit period provid studi restructur convers opportun rescu aid busi restructur convers effect restructur aid rescu aid grant simpli firm busi difficulti identifi remedi work observ condit consist cash aid form loan guarante loan bear normal commerci interest rate restrict amount need firm busi cover wage cost routin suppli paid time need gener month devis feasibl recoveri measur warrant ground social difficulti keep firm oper advers effect industri situat member state restructur aid commiss state strictli condit implement sound restructur convers programm effect restor viabil product concern long term intens amount restrict strict amount need support firm transit period programm take effect period involv limit assist gradual reduc lastli case rescu restructur aid commiss requir industri programm drawn applic individu signific case applic notifi advanc view arrang scheme provid law clear condit set satisfi rescu aid guarante provid articl appli debt aris continu oper firm limit loan guarante measur regard loan bear normal commerci interest rate machineri guarante aid grant scheme restrict strict minimum need firm remain busi period scheme applic firm initi year renew year scheme design safeguard firm question view social import mechan provid guarante imbal caus member state account restructur aid applic criteria forc requir firm receiv aid carri reorganis measur includ case closur industri plant sector suffer structur overcapac specif aim scheme preserv firm entir product complex case extraordinari administr refer made manag plan approv articl law financi restructur strateg element import reorganis rationalis industri activ element scheme rest comment italian author point conclus scheme guarante firm regain econom financi viabil ensur cover amortis cost financi charg minimum return capit invest obtain avoid undu distort competit sell product capac ensur proportion aid grant benefit obtain restructur avoid excess reduct firm financi charg lastli italian author request benefit derog articl treati view forego conclud scheme qualifi derog articl regard compat common market prohibit provid articl applic letter juli regist receiv juli italian author provid commiss element draft reform italian parliament instruct govern juli revok exist scheme time adopt rule extraordinari administr procedur law eventu revok june viii recoveri aid case unlaw aid incompat market undistort competit restor articl regul ec quot neg decis case unlaw aid commiss decid member state concern measur recov aid beneficiari quot provis state quot commiss requir recoveri aid contrari gener principl commun law quot present case commiss consid gener principl law applic protect legitim expect examin relat member state appli scheme decis address view featur case firm benefit scheme commiss specif inform italian author letter juli recit measur question treat quot exist aid quot approach subsequ confirm propos measur author articl moment notifi offici posit commiss foster legitim expect part italian author aid question henceforth regard treat commiss exist aid entri forc scheme italian author legitim expect law compat common market fulli awar notifi articl justifi date onward applic law law compat account legitim expect creat member state commiss order recov aid grant scheme notif decis juli interest parti gener firm receiv aid commiss decis propos measur respect scheme provid law gave legitim expect aid quot exist aid quot consequ twofold benefit scheme date public decis entitl virtu decis legitim expect quot law quot quot compat quot benefit scheme prevent commiss requir member state recov aid grant benefit scheme decis publish entitl legitim expect close procedur provid treati respect aid scheme benefit meant aid repaid case quot exist aid quot commiss articl propos member state concern measur requir progress develop function common market member state reject initi formal procedur end commiss decid impos measur futur recipi commiss date creat legitim expect quot law quot quot compat quot scheme legitim expect commiss decis scheme relat futur call question earlier applic recipi justifi respect enter account reserv constitut repai aid grant view legitim expect creat commiss requir member state recov aid grant ix conclus commiss find decis decemb propos measur itali decis januari initi articl procedur respect law administr larg firm crisi withdrawn law establish urgent measur extraordinari administr larg firm crisi introduc state aid scheme firm question unlawfulli implement itali breach oblig articl treati basi find scheme question incompat common market pursuant articl ec treati qualifi derog articl aid scheme provid law revok decre law ground requir itali recov recipi firm aid grant adopt decis articl commiss decis decemb propos measur italian republ januari initi procedur provid articl law administr larg firm crisi withdrawn articl scheme provid law convert decre law urgent measur extraordinari administr larg firm crisi introduc itali larg firm crisi unlaw incompat common market articl decis address italian republ brussel commiss mario monti member commiss oj letter italian author august oj oj commiss letter sg oj oj judgment case ecr paragraph case concern refer preliminari rule tribunal di genova itali articl articl ec treati oj articl law publish italian offici gazett publish italian offici gazett act law offici gazett law offici gazett law offici gazett decre law offici gazett amend convert law offici gazett decre law offici gazett amend convert law offici gazett decre law offici gazett amend convert law offici gazett decre law offici gazett amend convert offici gazett decre law offici gazett amend convert law offici gazett law publish ordinari supplement offici gazett debt limit updat april year recent april decre minist industri italian offici gazett decre similar initi administr compulsori wind procedur defin case law mandatori act quot atto dovuto quot clear law strongli imbu interventionist spirit preval time adopt signific articl law expressli state uniti oper complex includ part transfer preserv judgment case ecr paragraph categori consist aid exist ec treati access member state question aid declar compat commiss decis implement lawfulli italian offici gazett articl italian bankruptci law definit firm difficulti paragraph commun guidelin state aid rescu restructur firm difficulti oj complet list amend law footnot tax transfer ownership gener amount firm ecotrad spa cordifin spa footnot oj concern case nn inform provid italian author specif case law appli nuova cartiera di arbatax articl decre law januari convert law march footnot oj oj footnot royal decre march bankruptci law articl law refer articl seq bankruptci law articl refer articl law articl articl piaggio footnot court consid initi system kind introduc law derog rule ordinari law relat insolv regard state aid mean articl articl treati conclus respect confirm reach quot ecotrad quot italian author consist maintain state aid scheme guarante final agre march notifi case guarante grant introduc payment premium articl law amend law paragraph articl decre law convert law februari amend law italian offici gazett articl law authoris continu trade circumst allow usual insolv rule appli subsequ impos payment premium guarante agre march notifi commiss case guarante grant de minimi rule oj appli present case footnot paragraph footnot paragraph guidelin footnot paragraph guidelin confirm expand subsequ guidelin footnot