96/475/EC: Commission Decision of 13 March 1996 on the compatibility with the common market of State guarantees for measures to restructure large firms in difficulty under the State guarantee schemes of the Länder of Saxony-Anhalt, Lower Saxony, North Rhine-Westphalia, Rhineland-Palatinate, Bavaria, Bremen, Mecklenburg- Western Pomerania, Schleswig-Holstein and Saxony (Only the German text is authentic)

• Articles: 4

Article 1

The guarantee schemes of the Länder of Saxony-Anhalt, North Rhine-Westphalia, Rhineland-Palatinate, Bavaria, Bremen, Mecklenburg-Western Pomerania, Schleswig-Holstein, and Saxony are incompatible with the common market in that they provide for the provision of guarantees for measures to restructure large firms in difficulty (including reorganization and consolidation projects) without advance notification to the Commission.

Individual cases in which guarantees under these schemes are to be provided for measures to restructure large firms in difficulty shall be notified to the Commission in accordance with Article 93 (3) of the EC Treaty so as to enable it to establish whether they are compatible with the common market.

Article 2

This Decision shall apply with effect from 1 July 1996 to all guarantees for measures to restructure large firms in difficulty (including reorganization and consolidation projects) under the guarantee schemes of the Länder of Saxony-Anhalt, North Rhine-Westphalia, Rhineland-Palatinate, Bavaria, Bremen, Mecklenburg-Western Pomerania, Schleswig-Holstein and Saxony where no formal application for a guarantee has been received by 30 June 1996 by the office to which applications are to be submitted.

Article 3

Germany shall inform the Commission, within two months of notification of this Decision, of the measures it has taken to comply with it.

Article 4

This Decision is addressed to the Federal Republic of Germany.

Done at Brussels, 13 March 1996.

For the Commission

Karel VAN MIERT

Member of the Commission

(1) OJ No C 368, 31. 12. 1994, p. 12.

(2) OJ No C 242, 19. 9. 1995, p. 5.

(3) OJ No C 213, 19. 8. 1992, p. 2.

(4) OJ No C 31, 3. 2. 1979, p. 9.