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The General Court’s Interpretation of the MEIP in the Banking Sector

Emily Adler, James Kavanagh

DOI https://doi.org/10.21552/ESTAL/2010/4/208



I. Introduction In March 2010, the General Court issued two judgments in relation to investment fund contributions made by the German state (Land) of Hessen to Landesbank Hessen-Thüringen Girozentrale (Helaba).2 In both cases, the Court found that the Commission had been correct in its application of the market economy investor principle (MEIP) when finding that the assets made available to Helaba to underpin its competitive business do not const

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