26.2.2005
News

Restructuring and rescue aid guidelines

Communication from the Commission — Community guidelines on State aid for rescuing and restructuring firms in difficulty (Official Journal of the European Union C 244 of 1 October 2004)

The new guidelines on the Community rules on rescue and restructuring aid replaced on 9 December 2004 the previous guidelines on the subject.

The new guidelines aim at a further limitation of state aid granted in the Member States. They provide, for instance, for more restrictive conditions regarding the required contribution from the beneficiary and further reinforcement of the one time, last time principle.

On the other hand, the new guidelines allow Member States to grant both restructuring aid and rescue aid to enterprises, which usually did not appear available in the previous guidelines.

The new guidelines will apply until 9 October 2009. Notifications of state aid measures filed with the Commission prior to 10 October 2004 will, however, still be governed by the previous guidelines.

Other articles

8.8.2025
News

Project Financing of a Strategic Logistics Complex in Nymburk

KŠB provided legal advice to Facility Develop Group in securing two separate financings granted by Trinity Bank. The funds will be used for the development and expansion of a large logistics park in Nymburk, which is of key importance to the infrastructure of the entire Central Bohemian Region.
5.8.2025
News

Legal Advisory to Japanese Group Ushio on the Acquisition of a Division of ams-OSRAM

The KŠB team, led by partner Dagmar Dubecká and attorney Jana Guričová, provided legal advisory to Japanese company Ushio Inc., a global leader in semiconductor technologies and specialized lighting for the automotive and industrial sectors, in connection with its acquisition of the Entertainment& Industrial Lamps segment from the Austrian-based ams-OSRAM Group, a company with over a century of history.
28.7.2025
News

Smetanova Litomyšl Comes to a Close with Music and a Message of Solidarity

This year’s edition of the Smetanova Litomyšl festival concluded with the concert Grand Finale – An American Story, held under the patronage of our firm. In addition to delivering a remarkable musical experience, the evening also served a charitable purpose: proceeds supported the Olga Havel Foundation (Výbor dobré vůle – Nadace Olgy Havlové), helping young people from disadvantaged backgrounds pursue their education.