Judgment of the General Court of 3 March 2010 - Bundesverband deutscher Banken v Commission
(State aid - Transfer of public assets to Landesbank Hessen-Thüringen Girozentrale - Decision finding that the notified measure does not constitute aid - Private investor test - Obligation to state the reasons on which the decision is based - Serious difficulties)
Language of the case: German
Parties
Applicant: Bundesverband deutscher Banken eV (Berlin, Germany) (represented by: H.-J. Niemeyer and K.-S. Scholz, lawyers)
Defendant: European Commission (represented by: N. Khan and T. Scharf, Agents)
Interveners in support of the defendant: Land Hessen (Germany) (represented initially by H.-J. Freund and M. Holzhäuser, and subsequently by H.-J. Freund and S. Lehr, lawyers); and Landesbank Hessen-Thüringen Girozentrale (Frankfurt am Main, Germany) (represented by H.-J. Freund, lawyer)
Re:
Application for annulment of Commission Decision C(2005) 3232 final of 6 September 2005 relating to the transfer of the Hessischer Investitionsfonds (Hessian Investment Fund) as a silent partnership contribution to Landesbank Hessen-Thüringen Girozentrale
Operative part of the judgment
The Court:
Dismisses the action;
Orders the Bundesverband deutscher Banken eV to bear its own costs and to pay those of the European Commission, the Land Hessen and Landesbank Hessen-Thüringen Girozentrale.
____________1 - OJ C 96, 22.4.2006.