commiss decis april state aid implement feder republ germani system microelectron innov gmbh frankfurt oder brandenburg notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof regard council regul ec lai detail rule applic articl ec treati articl thereof call interest parti submit comment pursuant provis cite regard comment procedur report press articl august handelsblatt land brandenburg plan grant aid dem million firm system microelectron innov gmbh smi frankfurt oder commiss request inform septemb januari request offici commun formal notif forthcom german author case subject meet commiss repres repres land brandenburg posit provid commiss inform firm june case regist state aid nn letter date august commiss inform german author decis initi procedur laid articl ec treati respect aid decis publish offici journal european commun commiss chang case number addit interest parti invit submit comment month date public german author respond decis initi procedur letter octob regist receiv octob januari regist receiv januari submit inform letter novemb regist receiv januari march regist receiv march june regist receiv june juli regist receiv juli juli regist receiv juli letter german author announc investor md amp subsidiari simi found detail provid german author fail provid inform commiss addit question decemb german author repli decemb repli satisfactori commiss final set question januari state definit decis basi inform possess februari march german author submit time inform simi md amp reaction parti support commiss decis initi procedur receiv letter decemb regist receiv decemb forward german author comment receiv letter date juli regist receiv juli ii background unif veb kombinat halbleiterwerk frankfurt oder market leader field comecon area employe main activ product customis circuit situat land brandenburg march origin firm mikroelektronik technologi gesellschaft mbh mtg renam halbleit electron frankfurt gmbh heg continu main activ mtg dai joint ventur creat heg synergi semiconductor corpor ssc unit state acquir mtg share januari mtg sold remain treuhandanstalt privatis agenc tha award grant total dem million support surviv heg decemb heg renam system mikroelektronik gmbh smi june tha transfer hold firm land brandenburg turn assign administr hold amp treuarbeit deutsch revis april smi file bankruptci smi smi gesamtvollstreckung bankruptci proceed open juli time employe work smi smi ceas trade june januari german author notifi detail bankruptci proceed administr decid firm continu oper purpos june found compani auffanggesellschaft name silicium microelektronik integr gmbh frankfurt oder simi capit dem continu busi employe share simi own smi juli administr found wholli own subsidiari simi microelectron design amp develop gmbh md amp intend activ field consult market develop design microelectron product servic januari german govern inform commiss grant land brandenburg total dem million dem million state quot concept book quot inform commiss land brandenburg begin state measur authoris land ministri financ land brandenburg bankruptci administr sell simi privat investor privatis effort administr plan sell share simi asset smi integr semiconductor technolog gmbh ist contract suspend ist unabl satisfi gener term june negoti ist final broke german author inform commiss juli negoti megaxess usa partner ist negoti success end simi sold megaxess contract june share md amp sold megaxess remain bought employe md amp juli md amp acquir share simi nomin dem asset smi dem million word subsidiari share auffanggesellschaft simi parent compani asset origin firm smi iii financi measur financi measur favour smi inform submit german govern smi receiv financi support sourc tha gt tabl gt land brandenburg gt tabl gt shown financi support tha invest dem million unspecifi remov dem million support dem million land brandenburg cover loss amount financi support dem million land brandenburg lodg claim bankruptci procedur claim made repay financi support tha financi measur favour simi german govern simi benefit financi measur juli land provid loan dem million enabl continu activ smi loan repaid june interest rate market rate inform provid german govern letter februari repaid simi expect neg result dem million twelv month period june cover bundesanstalt für vereinigungsbedingt sonderaufgaben bv successor tha financi measur favour md amp german author md amp receiv aid present assess limit financi measur favour smi simi iv commiss decis initi procedur articl ec treati initi procedur commiss assum land brandenburg vain privatis smi year prior open bankruptci procedur gesamtvollstreckung unoffici inform quot concept book quot transmit german author earli firm receiv aid total dem million tha land brandenburg remain unclear repres aid grant smi ow lack inform ascertain exempt articl ec treati applic offici inform submit commiss enabl analys aid grant past smi offici request formal notif made commiss practic inform futur plan firm clear financi assist tha constitut grant loan check compat treuhand regim applic time case loan land commiss unabl clarifi sale smi time heg ssc compli commun competit rule commiss enjoin german author provid inform evalu compat articl articl ec treati aid grant grant commiss injunct german author made formal notif reaction parti commiss receiv comment parti reaction initi procedur swedish electron compon manufactur associ seca support commiss decis competit advantag allegedli gain result aid smi firm oper market german author repli seca market question answer vi reaction german author respons injunct octob german author declar grant total dem million made smi tha base tha regim compat commun legisl dem million loan made land letter februari german author declar loan grant normal market condit financi measur favour simi german author claim supplementari repli januari consid aid legal firm simi regard difficulti guidelin rescu restructur firm difficulti applic vii assess european semiconductor industri enjoi rapid growth larg profit globalis product process size main produc europ target player world market intra commun trade import keen competit market reason measur favour smi simi affect trade distort competit firm semiconductor market individu measur examin light articl ec treati fund grant state resourc threaten distort competit affect trade member state confer advantag investor reliev cost bear deduc inform commiss view situat firm regard firm difficulti smi simi suffer heavi loss aid grant smi subsequ insolv liquid simi outset wholli own subsidiari smi limit capit asset oper avail smi asset monthli fee dem circumst simi legal entiti oper normal market condit regard firm difficulti long time prove imposs find investor activ firm lastli commiss note spite injunct address german author provid substanti evid smi simi firm difficulti financi measur favour smi financi measur undertaken favour smi grant total dem million tha german author measur undertaken base tha regim commiss view cover regim tha regim appli loan guarante grant case privatis case smi grant part transact tha sold share smi ssc result tha remain major sharehold smi german author compani time quot privatis quot sale privat investor ssc argu tha regim provid indic condit major firm share transfer public privat bodi order regard privatis claim articl ec treati prejudic system properti ownership member state view public owner investor result grant made abovement transact regard privatis mean guidelin grant permit commiss view contract mean tha regim regard quot privatis quot regim grant authoris case privatis precis tha uniqu unpreced task transform plan state economi market economi aid attain object publicli own enterpris sold control transfer privat investor circumst principl set articl treati prejudic rule member state govern system properti ownership impli sale share public enterpris regard privatis present case public bodi retain major hold firm full control activ privat sharehold minor hold total amount dem million grant aid deem cover tha regim financi measur question consid cover approv scheme assess individu framework present procedur tha held smi share made grant increas hold result similar contribut made sharehold commiss consid privat investor invest amount circumst grant constitut state aid mean articl ec treati measur notifi advanc commiss ad hoc basi pursuant articl ec treati german author compli notif requir tha grant made commiss prior approv aid grant illeg loan dem million land brandenburg smi german author argu loan grant normal market condit grant smi firm difficulti substanti loss mount debt commiss assum circumst privat lender grant loan note spite injunct address german author fail provid substanti evid land brandenburg behav privat lender commiss conclud loan constitut state aid mean articl ec treati aid authoris land ministri financ notifi approv commiss base aid scheme previous approv commiss pursuant articl ec treati notifi notifi aid germani fail compli requir aid grant illeg financi measur favour simi financi measur undertaken favour simi dem million loan land brandenburg newli creat simi loan base authoris land ministri financ rank aid mean articl ec treati privat bank privat investor provid financ firm difficulti capit asset guarante dem million loss compens grant bv twelv month period june bv receiv consider grant measur consid state aid mean articl ec treati commiss point decis institut procedur smi mention past futur aid firm aid grant simi share own smi privat investor found indic simi commerci independ parent compani assum smi effect control simi measur favour simi regard measur favour smi result cover decis initi procedur letter februari german author expressli concur view measur includ present decis notifi pursuant articl ec treati notifi aid germani fail compli requir reason aid measur grant illeg viii compat aid measur treati examin aid measur exempt basic prohibit articl ec treati commiss examin exempt set articl ec treati appli exempt articl serv basi render aid compat common market aid measur social charact grant individu consum make good damag caus natur disast except occurr requir order compens econom disadvantag caus divis germani exempt articl refer project common european interest promot cultur heritag conserv appli german author attempt justifi aid ground enumer exempt articl commiss consider fact german länder rank assist area provis standard live abnorm low underemploy point accord point guidelin nation region aid quot region guidelin quot individu ad hoc aid payment made singl firm major impact competit relev market effect region develop limit commiss consid shown aid fulfil requir guidelin german govern provid evid equilibrium result distort competit advantag aid term develop favour region guarante accord footnot region guidelin ad hoc aid firm difficulti govern specif rule rescu restructur guidelin conceiv region aid aid measur link specif invest regard oper aid point region guidelin stipul aid grant justifi term contribut region develop natur ii level proport handicap seek allevi accord point oper aid limit time progress reduc german author fail show condit met measur class invest aid recipi contribut financ accord point region guidelin ensur product invest aid viabl sound present case condit met aid provid bv land brandenburg smi simi restructur aid design restor viabil firm difficulti commiss examin exempt articl quot aid facilit develop econom activ aid advers affect trade condit extent contrari common interest quot predomin object aid restructur firm difficulti aid consid compat common market relev criteria met criteria set commun guidelin state aid rescu restructur firm difficulti forc commiss eighth report competit polici preced period set rule rescu aid grant time need gener exceed month devis feasibl recoveri plan restructur aid grant basi restructur plan aid favour smi sine qua restructur plan restor long term viabil health firm reason time scale basi realist assumpt futur oper condit numer letter request inform commiss german author submit restructur plan enabl ascertain smi return viabil reason time scale financi effort made tha land brandenburg base restructur plan quot concept book quot regard restructur plan part offici inform submit commiss aid examin aid land brandenburg grant exclus form loss compens allow framework restructur design enabl compani make start case aid appar paid afloat firm disappear market demonstr condit laid rescu restructur guidelin notabl relat undu distort competit necess aid met ultim effort made viabil smi restor bankruptci firm avert condit set guidelin met aid measur favour smi exempt basi articl ec treati light abovement fact grant bv total dem million loan land brandenburg total dem million incompat common market mean articl ec treati aid favour simi simi set auffanggesellschaft asset smi rescu restructur guidelin appli firm set asset reliev liabil origin compani regard difficulti except quot auffanglösungen quot firm länder involv simpli sale asset continu entir activ firm bankruptci gesamtvollstreckung firm guidelin appli account enorm difficulti face ow lack capit obsolet plant grant restructur aid simi justifi histor econom term except situat exist time transit plan economi market economi view special role plai bv successor tha transit period except limit german länder letter januari german author submit restructur plan simi plan cover period open bankruptci proceed mid plan submit ensu period regard sound restructur plan mean guidelin period cover plan firm return viabil ensur main criterion rescu restructur guidelin met privat investor found simi commiss unabl assess proportion aid investor made signific contribut restructur plan condit set rescu restructur guidelin met aid measur favour simi exempt basi articl ec treati light abovement fact dem million loan land brandenburg amount dem million grant bv incompat common market mean articl ec treati ix repay aid assumpt effect competit restor case aid measur unlaw incompat common market articl council regul ec quot neg decis case unlaw aid commiss decid member state concern measur recov aid beneficiari quot commiss decid germani recov aid beneficiari regard recent affect beneficiari aid commiss consid defin extent oblig recov aid accord commiss practic case law court justic aid recov firm receiv beneficiari subsequ sold aid recov purchas irrespect amount account condit sale respect conflict principl nation law stand full applic commun law aid grant simi present decis concern aid grant simi note share sold md amp juli aid recov md amp aid grant smi present decis concern aid grant smi commiss consid order properli implement commiss decis requir recoveri state aid member state behav privat creditor care exercis collect tax social secur debt domest law appli favour appli claim made pure domest law collect render imposs extrem difficult gener speak mean member state seek collect debt mean take measur enforc claim asset debtor seek liquid debtor firm unabl repai debt collect debt member state act ordinari creditor seek ensur danger collect debt contest annul make mean domest law provis govern fraud perpetr expens creditor suspect agreement prior insolv proceed liquid stem insolv proceed firm remain asset sold rais problem sale take place supervis liquid requir seek result interest creditor proce sale asset satisfi claim proce sale asset suffici pai firm debt order ensur full repay liquid import term competit compet firm suffer injuri result incompat state aid opportun fill gap market left liquid firm bui asset sold view effici order prevent decis frustrat ensur distort competit elimin commiss duti requir recoveri proceed confin initi recipi extend includ firm continu busi initi firm transfer product plant aspect transfer side busi fact continu exampl consider kind transfer asset liabil staff consolid asset purchas price ident sharehold owner initi firm buyer time transfer take place investig begun initi formal investig procedur adopt final decis commerci charact transfer consider appli busi transfer insolv proceed initi procedur case shortli adopt final decis commiss learnt bankruptci administr sold smi asset md amp juli object effect move place asset scope commiss decis contradict commiss duti prevent frustrat decis duti member state ensur oblig impos commiss decis compli present case smi asset sold md amp simi share asset sale order md amp simi activ simi made smi asset benefit aid grant formal smi asset sale place shortli june administr sold share md amp megaxess remain employe md amp evid transact close connect amount transfer asset own smi simi md amp sharehold shelter recoveri illeg state aid circumst respect price paid md amp share hand smi asset simi share bear assess transact transact june juli place investig procedur word asset parent compani share wholli own subsidiari transfer wholli own subsidiari subsidiari current procedur pend decis aid grant parent compani subsidiari megaxess buyer md amp md amp perfectli awar exist present procedur case account ask commiss explain consequ futur decis md amp lastli commiss note german author expressli acknowledg letter februari investig procedur concern smi simi md amp commiss consid make clear decis term quot recipi quot encompass simi smi md amp firm smi simi md amp asset transfer order evad consequ decis conclus take fact account commiss conclud grant amount dem million tha smi amount dem million grant land brandenburg smi dem million loan land brandenburg simi dem million grant bv simi regard aid exempt articl appli unlaw incompat aid paid firm recov assess affect fact smi subject bankruptci proceed addit abovement aid recov md amp acquir simi share smi asset transfer order evad consequ decis event effect mind lastli aid recov undertak smi simi md amp asset transfer order evad consequ decis recoveri aid includ interest date paid effect accord german law case law court justic relev nation procedur provis render imposs practic recoveri requir commun law procedur difficulti implement measur influenc law adopt decis articl grant total dem million made treuhandanstalt loan total dem million grant land brandenburg system microelectron innov gmbh frankfurt oder smi incompat common market articl grant dem million made bundesanstalt für vereinigungsbedingt sonderaufgaben loan dem million grant land brandenburg system microelectron innov gmbh frankfurt oder simi likewis incompat common market articl germani measur recov beneficiari aid refer articl unlawfulli made recoveri effect accord procedur nation law aid recov includ interest date dispos beneficiari date recoveri interest calcul basi refer rate calcul grant equival region aid purpos articl term quot beneficiari quot encompass smi simi mikroelectron design amp develop gmbh md amp firm smi simi md amp asset transfer order evad consequ decis articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel april commiss mario monti member commiss oj oj letter letter letter footnot ow lack inform commiss exact amount decis initi procedur indic doubt respect reason amount aid purpos decis initi procedur deem full amount aid grant land brandenburg present decis dem million allow loan grant oj pp oj commiss decis tha regim case nn letter april ref sg letter januari ref sg oj accord point guidelin commiss assess compat region aid common market basi guidelin applic footnot guidelin recent replac oj point guidelin applic guidelin notifi aid forc time aid grant paragraph commiss approv date april april state aid no nn union werkzeugmaschinen gmbh letter state aid foron hau und küchentechnik gmbh letter guidelin rescu restructur firm difficulti footnot case itali commiss ecr paragraph commiss letter member state sg case belgium commiss ecr footnot paragraph