Judgment_paragraph 97 · HGA Srl and Others (C‑630/11 P), Regione autonoma della Sardegna (C‑631/11 P), Timsas srl (C‑632/11 P) and Grand Hotel Abi d’Oru SpA (C‑633/11 P) v European Commission (C-630/11 P, C-631/11 P, C-632/11 P, C-633/11 P)

97Secondly, HGA and the Regione autonoma della Sardegna criticise paragraphs 232 and 233 of the judgment under appeal, where the Court stated that an aid scheme declared compatible by the Commission could have an incentive effect. According to HGA and the Regione autonoma della Sardegna, it is apparent from Case T-126/99 Graphischer Maschinenbau GmbH v Commission [2002] ECR II-2427 that a non-notified aid scheme can also have an incentive effect.