Judgment_paragraph 29 · Namur-Les Assurances du Crédit SA v Office National du Ducroire and the Belgian State (C-44/93)

29The decision which entered into force on 1 February 1989 did not amend the legislation which accorded to the OND the advantages which it enjoyed, either in regard to the nature of those advantages or even in regard to the activities of the public establishment to which they applied, since the Law of 31 August 1939 set that establishment a very general aim of reducing the risks of providing credit for exports. It does not therefore affect the aid arrangements put in place by that legislation. Although that decision followed the termination of the cooperation agreement made with COBAC, there is no evidence to suggest that the existence and the terms of that agreement, which was binding only on the two contracting parties, the OND and COBAC, defined the extent of the advantages accorded by the Belgian State to the OND under the Law of 31 August 1939.