• State Aid - New Rules for Financial Institutions during the Crisis
  • August 2, 2013 | Authors: Kiran S. Desai; Nathalie Jalabert Doury; Robert Klotz; Jens Peter Schmidt; Gillian Sproul
  • Law Firms: Mayer Brown International LLP - Brussels Office ; Mayer Brown International LLP - Paris Office ; Mayer Brown International LLP - Brussels Office ; Mayer Brown International LLP - London Office
  • On 1 August 2013, a new Communication from the European Commission on the application of state aid rules to support banks, and where appropriate, insurance companies in the context of the financial crisis comes into effect ("2013 Banking Communication"). It replaces the previous 2008 Banking Communication and supplements the existing rules.