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April 20, 2014

The Netherlands and ING v European Commission

Areas of Law: Commercial

Introduction

Case C-224/12P European Commission v The Netherlands and ING Groep EU:C:2014:213 On appeal from Cases T-29 and 33/10 The Netherlands and ING Groep v European Commission EU:T:2012:98

During the financial crisis, the Dutch financial group ING received a € 10 billion capital injection from the Dutch government. Together with a separate measure transferring a portfolio of illiquid US mortgage bonds, this constituted State aid and the Commission required ING to implement a substantial restructuring package.

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