Unlimited Liability of State-owned Banks under the EC-Rules of State Aids

  • Ulrich Immenga
  • Joachim Rudo

Table of contents

  1. Front Matter
    Pages II-XII
  2. Ulrich Immenga, Joachim Rudo
    Pages 1-2
  3. Ulrich Immenga, Joachim Rudo
    Pages 37-43
  4. Ulrich Immenga, Joachim Rudo
    Pages 45-72
  5. Ulrich Immenga, Joachim Rudo
    Pages 111-115
  6. Ulrich Immenga, Joachim Rudo
    Pages 123-128
  7. Ulrich Immenga, Joachim Rudo
    Pages 129-132
  8. Back Matter
    Pages 133-143

About this book


The applicability of EC law of state aids to the state`s unlimited liability for Savings Banks and "Landesbanken" is controversial. Legal and political discussions following the Maastricht-II-Treaty tend to assume that liabilities have to be qualified as state aids. However, as the liabilities in question derive from public ownership, they have to be distinguished from securities for corporate debts which might be qualified as state aids under EC law. In this context the book discusses state aids to public companies and the private investor test of the EC Court of Justice. The authors question the EC Commission`s concept to quantify refinancing advantages which are supposed to be achieved by virtue of public liability.


Financing Germany banking competition institutions international trade organization organizations rating science and technology trade

Authors and affiliations

  • Ulrich Immenga
    • 1
  • Joachim Rudo
    • 2
  1. 1.Department of International and Foreign Business Law, School of LawUniversity of GöttingenGöttingenGermany
  2. 2.BonnGermany

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 1998
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-95860-1
  • Online ISBN 978-3-642-95858-8
  • Buy this book on publisher's site