On 4 September 2017, the European Commission ("Commission") approved the German Government's plans to grant Air Berlin a temporary €150 million bridging loan. The decision follows the airline's filing for insolvency on 15 August 2017, which was triggered by a withdrawal of financial support by Etihad, its largest private shareholder. The German Government notified the loan to the Commission on the same day. The purpose of the loan is to allow Air Berlin to continue operations in the coming months, whilst it continues ongoing negotiations to sell its assets.
Competition Newsletter
All articles in the September 2017 Competition newsletter can be found below:
EU
- ECJ confirms when a move from sole control to joint control constitutes a concentration
- ECJ refers €1.06 billion Intel case back to the General Court
- European Commission approves German rescue aid for Air Berlin as rivals prepare for its collapse
- European Commission publishes a summary of responses to proposed EUMR reforms
- What excessive pricing looks like - ECJ clarifies the legal test
UK
- CMA shows its market investigation enforcement teeth
- Curfew, suspended sentence and director disqualification for UK construction cartelist
- Scooter supplier learns that ignoring CMA warning letters can be hazardous to your immunity
Italy
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