European Commission consults on new draft rescue and restructuring state-aid guidelines
On 5 November 2013, the European Commission published draft revised guidelines on state aid for rescuing and restructuring firms (non-financial firms) in difficulty. The original guidelines were adopted in 2004 and were originally due to expire in October 2009 but were extended. The main aim of the revised guidelines is to ensure that rescue and restructuring aid is given on strict conditions. It is in the consultation stage and runs until 31 December 2013. The European Commission plans to adopt new guidelines in the first half of 2014, as part of its state-aid modernisation programme…
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