Case T- 386/14 RENV FIH Holding and FIH Erhvervsbank v Commission [Archived]

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  • Case T- 386/14 RENV FIH Holding and FIH Erhvervsbank v Commission [Archived]
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Case T- 386/14 RENV FIH Holding and FIH Erhvervsbank v Commission [Archived]

CASE HUB

ARCHIVED—this archived case hub reflects the position at the date of the judgment of 19 September 2019; it is no longer maintained.

See further, timeline and commentary.

Case facts

OutlineCase T- 386/14 RENV FIH Holding and FIH Erhvervsbank v Commission—an action for annulment of the European Commission’s decision to approve restructuring aid given by Denmark in 2012 to the FIH banking group, subject to a restructuring plan (Case SA.34445) that was remitted back to the General Court following the Court of Justice’s judgment in Case C- 579/16.

Latest developmentsOn 19 September 2019, the General Court issued its judgment in which it upheld the action and annulled the Commission’s decision. The General Court found that the Commission has made errors in the calculation of the aid granted to FIH by Denmark.

PartiesApplicants:
• FIH Holding A/S is the ultimate parent of FIH Erhvervsbank A/S and its subsidiaries (together, FIH). FIH is a Danish financial services group, based in Copenhagen, active in banking, financial advisory services for large and medium-sized companies and corporate finance.

Defendant:
• European Commission

BackgroundThe aid granted

On 30 June 2009, Denmark injected a capital sum of DKK 1.9bn in aid to FIH, and also issued a guarantee (the capital sum was repaid on 2 July 2012 as part of

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