Taxation, State Aid Rules and Arbitral Court: a BIT of a Mess in the Micula Saga
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Título: | Taxation, State Aid Rules and Arbitral Court: a BIT of a Mess in the Micula Saga |
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Autor/es: | Pérez Bernabeu, Begoña |
Grupo/s de investigación o GITE: | Derecho Financiero y Tributario |
Centro, Departamento o Servicio: | Universidad de Alicante. Departamento de Disciplinas Económicas y Financieras |
Palabras clave: | Arbitral award | Bilateral Investment Treaty (BIT) | Repeal of tax incentives | Damages compensation | Enforcement |
Área/s de conocimiento: | Derecho Financiero y Tributario |
Fecha de publicación: | 2020 |
Editor: | Lexxion |
Cita bibliográfica: | European State Aid Law Quarterly. 2020, 19(3): 329-338. https://doi.org/10.21552/estal/2020/3/9 |
Resumen: | In its long-awaited ruling on 18 June 2019, the General Court (GC) annulled the Commission's State aid Decision in the Micula case where the Commission considered that the damages payment by Romania of an ICSID award constituted State aid. In the GC's opinion, the payment of the adverse arbitration award by a Romania does not constitute illegal State aid. Unfortunately, the GC's reasoning is tied to the timing of the measure taken by Romania, which took place before Romania acceded to the EU, and the rest of the compelling substantive pleas were not assessed. Moreover, the GC did not rule on whether the compensation of the withdrawal of the tax incentives for the post-accession period constitutes State aid given that the Commission failed to distinguish between compensation for the period predating accession and post-accession. For this reason, this judgment does not put an end to the Micula saga as long as the Commission has lodged an appeal before the Court of Justice. |
URI: | http://hdl.handle.net/10045/110331 |
ISSN: | 1619-5272 (Print) | 2190-8184 (Online) |
DOI: | 10.21552/estal/2020/3/9 |
Idioma: | eng |
Tipo: | info:eu-repo/semantics/article |
Derechos: | © Lexxion Verlagsgesellschaft mbH |
Revisión científica: | si |
Versión del editor: | https://doi.org/10.21552/estal/2020/3/9 |
Aparece en las colecciones: | INV - DFT - Artículos de Revistas |
Archivos en este ítem:
Archivo | Descripción | Tamaño | Formato | |
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Perez-Bernabeu_2020_EStAL_Micula-Saga.pdf | Acceso restringido | 814,24 kB | Adobe PDF | Abrir Solicitar una copia |
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