Judgment of the General Court of 1 July 2010 - BNP Paribas and BNL v European Commission
(State aid - Measures taken by the Italian authorities concerning certain restructured banks - Scheme for the realignment of the value of assets for tax purposes - Decision classifying the aid scheme as incompatible with the common market and ordering recovery of the aid - Action for annulment - Individual concern - Admissibility - Concept of State aid - Advantage - Selective nature - Obligation to state reasons)
Language of the case: Italian
Parties
Applicant: BNP Paribas (Paris, France) and Banca Nazionale del Lavoro SpA (BNL) (Rome, Italy) (represented by: R. Silvestri, G. Escalar and M. Todino, lawyers)
Defendant: European Commission (represented by: V. Di Bucci and E. Righini, Agents)
Re:
Application for annulment of Commission Decision 2008/711/EC of 11 March 2008 on State aid C 15/07 (ex NN 20/07) implemented by Italy on the tax incentives in favour of certain restructured banks (OJ 2008 L 237, p. 70)
Operative part of the judgment
The Court:
Dismisses the action.
Orders BNP Paribas and Banca Nazionale del Lavoro SpA (BNL) to pay the costs.
____________1 - OJ C 272, 25.10.2008.