Judgment of the General Court of 1 July 2010 — BNP Paribas and BNL v European Commission

(Case T-335/08) (1)

(State aid - Measures taken by the Italian authorities concerning certain restructured banks - Scheme for the realignment of the value of assets for tax purposes - Decision classifying the aid scheme as incompatible with the common market and ordering recovery of the aid - Action for annulment - Individual concern - Admissibility - Concept of State aid - Advantage - Selective nature - Obligation to state reasons)

2010/C 221/62

Language of the case: Italian

Parties

Applicant: BNP Paribas (Paris, France) and Banca Nazionale del Lavoro SpA (BNL) (Rome, Italy) (represented by: R. Silvestri, G. Escalar and M. Todino, lawyers)

Defendant: European Commission (represented by: V. Di Bucci and E. Righini, Agents)

Re:

Application for annulment of Commission Decision 2008/711/EC of 11 March 2008 on State aid C 15/07 (ex NN 20/07) implemented by Italy on the tax incentives in favour of certain restructured banks (OJ 2008 L 237, p. 70)

Operative part of the judgment

The Court:

(1)  OJ C 272, 25.10.2008.