11/05/2012

Krogerus lawyers Julius Parikka and Simo Autio author article on state aid regulations in insolvency proceedings

Julius Parikka and Simo Autio have written an article on the application of state aid rules to company insolvency proceedings.

In recent years, legal issues concerning state aid in company reorganisations have attracted much attention. One controversy that has arisen is the circumstances under which a write-off of state claims in a creditor arrangement within the framework of a company restructuring constitutes a form of state aid forbidden under EU law.

The European Commission has addressed this issue in a case concerning Slovakia, and the consequences of the Commission’s conclusions may affect restructuring processes in Finland as well.

This timely article discusses when state aid rules are applicable to insolvency proceedings and how they should be applied.

Julius is a renowned specialist on state aid issues and regularly advises governmental entities and private companies in this field. Simo advises on state aid matters and competition law issues.

EU:n valtiontukisääntöjen huomioiminen yrityssaneerausmenettelyssä (Edilex, 2012/19) The Effect of EU State Aid Rules on Finnish Corporate Restructuring Proceedings (Edilex, 2012/19) is available in the link below (text is in Finnish only; registration is required for full text). The Edilex series is published by Edita Publishing, a leading publisher of legal literature and databases in Finland.

www.edilex.fi/lakikirjasto/asiantuntijakirjoitukset/8783

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