Executive Summary: The sale of a state asset through an open, transparent, non-discriminatory and unconditional procedure is free of state aid. The price paid by the highest bidder is the market price. The advantage embedded in the granting of a free concession may be offset by higher taxes. Table of Contents: Introduction The alleged state aid Commission assessment on […]
State Aid Law
Blog
State Aid Uncovered Blog
In Lexxion’s State Aid Uncovered blog, Prof. Phedon Nicolaides publishes weekly critical analyses of recent State aid judgments and decisions. Each post presents the key points of a court judgment or EU Commission decision, places it in the context of similar case law or practice, assesses the underlying reasoning and highlights any inconsistencies or contradictions.
Guest contributions from other State aid experts will also be published on the blog at irregular intervals to complement the content of the blog posts.
- concession ×
30. June 2026 |
by Phedon Nicolaides
10. March 2026 |
State Aid Uncovered
by Phedon Nicolaides
A municipality that develops commercial infrastructure engages in an economic activity. A municipality that finances the development of commercially used infrastructure may grant state aid to itself. The selection of the operator of commercial infrastructure on the basis of a competitive procedure eliminates any advantage for the operator. The users of a commercially operated infrastructure do not receive state aid if they pay prices at market […]
14. December 2021 |
State Aid Uncovered
by Phedon Nicolaides
A public authority acting as a “private debtor” tries to minimise the amount that it has to pay. Introduction In assessing whether commercial transactions between public authorities and undertakings are free of State aid, the European Commission and EU courts apply the market economy investor principle [MEIP]. In essence, this principle tests whether a public investor behaves like a private […]
21. March 2014 |
State Aid Uncovered
by Phedon Nicolaides
Aid that is granted after the start of a project lacks incentive effect and is, therefore, incompatible with the internal market. However, aid may be justified when a project runs into financial trouble and, as a result, is likely to be abandoned without the aid. Introduction In two decisions in December 2013, the European Commission authorised State aid for two […]
14. September 2013 |
State Aid Uncovered
by Phedon Nicolaides
Background Portugal notified to the Commission the privatisation of the “Aeroportos de Portugal” [ANA] for reasons of legal certainty [SA.36197].[1] ANA is the operator of most Portuguese airports. It manages eight airports across Portugal (Lisbon, Porto, Faro, Beja, and 4 airports in the Azores) that account for the vast majority of the commercial air traffic in the country. It is worth […]
- concession ×
30. June 2026 |
by Phedon Nicolaides
Executive Summary: The sale of a state asset through an open, transparent, non-discriminatory and unconditional procedure is free of state aid. The price paid by the highest bidder is the market price. The advantage embedded in the granting of a free concession may be offset by higher taxes. Table of Contents: Introduction The alleged state aid Commission assessment on […]
10. March 2026 |
State Aid Uncovered
by Phedon Nicolaides
A municipality that develops commercial infrastructure engages in an economic activity. A municipality that finances the development of commercially used infrastructure may grant state aid to itself. The selection of the operator of commercial infrastructure on the basis of a competitive procedure eliminates any advantage for the operator. The users of a commercially operated infrastructure do not receive state aid if they pay prices at market […]
14. December 2021 |
State Aid Uncovered
by Phedon Nicolaides
A public authority acting as a “private debtor” tries to minimise the amount that it has to pay. Introduction In assessing whether commercial transactions between public authorities and undertakings are free of State aid, the European Commission and EU courts apply the market economy investor principle [MEIP]. In essence, this principle tests whether a public investor behaves like a private […]
21. March 2014 |
State Aid Uncovered
by Phedon Nicolaides
Aid that is granted after the start of a project lacks incentive effect and is, therefore, incompatible with the internal market. However, aid may be justified when a project runs into financial trouble and, as a result, is likely to be abandoned without the aid. Introduction In two decisions in December 2013, the European Commission authorised State aid for two […]
14. September 2013 |
State Aid Uncovered
by Phedon Nicolaides
Background Portugal notified to the Commission the privatisation of the “Aeroportos de Portugal” [ANA] for reasons of legal certainty [SA.36197].[1] ANA is the operator of most Portuguese airports. It manages eight airports across Portugal (Lisbon, Porto, Faro, Beja, and 4 airports in the Azores) that account for the vast majority of the commercial air traffic in the country. It is worth […]
- concession ×
30. June 2026 |
by Phedon Nicolaides
Executive Summary: The sale of a state asset through an open, transparent, non-discriminatory and unconditional procedure is free of state aid. The price paid by the highest bidder is the market price. The advantage embedded in the granting of a free concession may be offset by higher taxes. Table of Contents: Introduction The alleged state aid Commission assessment on […]
10. March 2026 |
State Aid Uncovered
by Phedon Nicolaides
A municipality that develops commercial infrastructure engages in an economic activity. A municipality that finances the development of commercially used infrastructure may grant state aid to itself. The selection of the operator of commercial infrastructure on the basis of a competitive procedure eliminates any advantage for the operator. The users of a commercially operated infrastructure do not receive state aid if they pay prices at market […]
14. December 2021 |
State Aid Uncovered
by Phedon Nicolaides
A public authority acting as a “private debtor” tries to minimise the amount that it has to pay. Introduction In assessing whether commercial transactions between public authorities and undertakings are free of State aid, the European Commission and EU courts apply the market economy investor principle [MEIP]. In essence, this principle tests whether a public investor behaves like a private […]
21. March 2014 |
State Aid Uncovered
by Phedon Nicolaides
Aid that is granted after the start of a project lacks incentive effect and is, therefore, incompatible with the internal market. However, aid may be justified when a project runs into financial trouble and, as a result, is likely to be abandoned without the aid. Introduction In two decisions in December 2013, the European Commission authorised State aid for two […]
14. September 2013 |
State Aid Uncovered
by Phedon Nicolaides
Background Portugal notified to the Commission the privatisation of the “Aeroportos de Portugal” [ANA] for reasons of legal certainty [SA.36197].[1] ANA is the operator of most Portuguese airports. It manages eight airports across Portugal (Lisbon, Porto, Faro, Beja, and 4 airports in the Azores) that account for the vast majority of the commercial air traffic in the country. It is worth […]