Rescue and Restructuring Aid
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
European Union state aid policy
|
| gptkbp:appliesTo |
companies in financial difficulty
all sectors except financial institutions (special rules apply) |
| gptkbp:condition |
aid must be limited to the minimum necessary
burden-sharing by shareholders and creditors implementation of restructuring plan measures to limit competition distortion |
| gptkbp:duration |
Rescue aid is limited to 6 months
|
| gptkbp:guidelinesUpdated |
2014
|
| https://www.w3.org/2000/01/rdf-schema#label |
Rescue and Restructuring Aid
|
| gptkbp:includes |
Rescue aid
Restructuring aid Temporary restructuring support |
| gptkbp:legalBasis |
Article 107 of the Treaty on the Functioning of the European Union
|
| gptkbp:objective |
minimize distortions of competition
prevent unnecessary bankruptcies |
| gptkbp:purpose |
restore long-term viability of companies
|
| gptkbp:regulates |
gptkb:European_Parliament
|
| gptkbp:requires |
approval by the European Commission
notification to the European Commission |
| gptkbp:subject |
EU State Aid Guidelines
|
| gptkbp:bfsParent |
gptkb:State_Aid
|
| gptkbp:bfsLayer |
7
|