{
  "node_id": "eu-celex-31997d0754",
  "title": "97/754/ECSC: Commission Decision of 30 April 1997 concerning the application to the steel firm Ferdofin Srl of Italian Law No 95/1979 on receivership arrangements for large firms in crisis (Only the Italian text is authentic) (Text with EEA relevance)",
  "domain": "Legal & IP Sovereignty",
  "version": "1.0.0",
  "last_updated": "1997-11-11",
  "bluf": "This Commission Decision of 30 April 1997, adopted under the Treaty establishing the European Coal and Steel Community (ECSC) and Commission Decision No 2496/96/ECSC, concerns the application of Italian Law No 95/1979 on receivership arrangements for large firms in crisis - known as the Prodi Law - to Ferdofin Siderurgica Srl, a steel producer subject to the rules of the ECSC Treaty. The Commission determined that the measures provided for by Law No 95/1979, as applied to Ferdofin, constitute State aid incompatible with the common market for coal and steel pursuant to Article 4(c) of the ECSC Treaty, which prohibits subsidies or aid granted by States in any form whatsoever. The aid took the form of suspension of payments on debts owed to public bodies, including Lit 10 786 million owed to the INPS, Lit 723 million owed to the INAIL, Lit 2 301 million owed to the tax authorities, and Lit 100 billion owed to banks controlled directly or indirectly by the State. The Decision requires Italy to recover the aid with interest calculated from the date it was granted, to immediately cease applying Law No 95/1979 to Ferdofin's unpaid debts to public bodies, and to inform the Commission within two months of the measures taken to comply. The aid does not qualify for any of the derogations - research and development, environmental protection, or closures - exhaustively set out in Decision No 2496/96/ECSC, and was granted in breach of Article 6(2) of that Decision.",
  "paywall": {
    "status": "LOCKED",
    "unlock_cost_usd": "0.01",
    "skyfire_id": "41779894-ece2-4163-9761-b3b1b76e19b0"
  },
  "crosswalks": {
    "_available_keys": [
      "industry_mapping"
    ],
    "_note": "Full crosswalk values included in vault response"
  },
  "primary_citations_count": 10
}