H.J. Banks & Co. Ltd v The Coal Authority and Secretary of State for Trade and Industry (C-390/98)

Judgment of 20 Sept 2001

law://eu/cjeu/1998/c-390-98/para_78@2026-11-13

78Nevertheless, in principle, where a company which has benefited from aid has been sold at the market price, the purchase price reflects the consequences of the previous aid, and it is the seller of that company that keeps the benefit of the aid. In that case, the previous situation is to be restored primarily through repayment of the aid by the seller.

H.J. Banks & Co. Ltd v The Coal Authority and Secretary of State for Trade and Industry (C-390/98)

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