|Author (Corporate)||European Commission|
|Series Details||C (2020) 3156|
Communication published by the European Commission on 8 May 2020, which identifies additional temporary State aid measures that the Commission considers compatible under Article 107(3)(b) of the Treaty on the Functioning of the European Union (TFEU) in light of the COVID-19 (coronavirus) outbreak.
The Commission adopted a Temporary Framework for State aid measures during the pandemic on 19 March 2020, followed by an amendment on 3 April which extended the scope of that same Framework.
The second amendment set out by the present Communication complements the types of measures already covered by the Temporary Framework and existing State aid rules, by setting out criteria based on which Member States can provide recapitalisations and subordinated debt to companies in need, whilst protecting the level playing field in the European Union (EU).
|Subject Categories||Internal Markets|
|Subject Tags||Competition Law | Policy|
|Keywords||COVID-19 Outbreak, State Aid
|International Organisations||European Union [EU]|