Press Release: Judgment in Joined Cases T-515/13, Spain v Commission and T-719/13, Lico Leasing, SA and Pequeños y Medianos Astilleros Sociedad de Reconversión, SA v Commission

The General Court annuls the Commission’s decision finding that the ‘Spanish tax lease system’ was illegal State aid.

The advantage to investors was not selective and the statement of reasons concerning the likelihood of a distortion of competition and an effect on trade was not sufficient.