Revising the Rescue and Restructuring Aid Guidelines for the Real Economy – A Practitioner's Wishlist

A review of the Community Guidelines on State aid for rescuing and restructuring firms in difficulty¹ (R&R Guidelines) is overdue. The financial and economic crisis had shown that the current R&R Guidelines were inadequate for dealing with the particular issues of that crisis, and the tempor...

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Bibliographic Details
Published in:European state aid law quarterly 2012-10, Vol.11 (4), p.813-820
Main Author: Schütte, Michael
Format: Article
Language:English
Subjects:
Banks
Economic crisis
Financial institutions
Guarantees
Loan workouts
Online Access:Get full text
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Summary:A review of the Community Guidelines on State aid for rescuing and restructuring firms in difficulty¹ (R&R Guidelines) is overdue. The financial and economic crisis had shown that the current R&R Guidelines were inadequate for dealing with the particular issues of that crisis, and the temporary solutions that were put in place no longer apply to large companies in the real economy. This article provides some thoughts from a practitioner's point of view, as to the issues that should be addressed by Member States and the European Commission, when revising the R&R Guidelines.
ISSN:1619-5272
2190-8184