• Commission Guidelines on Restructuring Aid to Banks
  • August 12, 2009 | Authors: Jens Peter Schmidt; Ulrike Binder
  • Law Firms: Mayer Brown International LLP - Brussels Office; Mayer Brown International LLP - Frankfurt am Main Office
  • Following the Commission Communication of October 13, 2008 on the application of State aid rules to measures by Member States in relation to financial institutions in the context of the current global financial crisis - the "Banking Communication" - (Mayer Brown Legal Update, October 16, 2008 ) and Commission Communication of December 5, 2008 on the recapitalization of financial institutions in the current financial crisis - the "Recapitalization Communication" - (Mayer Brown Legal Update, December 12, 2008), and the Impaired Asset Paper of February 25, 2009, on July 22, 2009 the Commission has published the expected Communication on restructuring aid, i.e. the communication concerning the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules - the "Bank Restructuring Guidelines".