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BVVG Bodenverwertungs-und –verwaltungs GmbH  ∙ Case C-39/14 ∙ Annotation by Adrien Giraud and Sylvain Petit

Annotation on the Judgment of the Court of Justice of the European Union (First Chamber) of the 16 July 2015 in Case C-39/14, BVVG Bodenverwertungs-und –verwaltungs GmbH

Adrien Giraud, Sylvain Petit

On 15 July 2015, the Court of Justice of the European Union (hereinafter the ECJ or the Court) handed down a preliminary ruling regarding the possibility for a public authority to discard the highest offer in a bidding procedure and sell at a lower price. The ECJ ruled that an offer which seems grossly disproportionate with the market price can be discarded without necessarily triggering State aid. The explicit reasoning of the Court does not in our view allow to fully understand the outcome of the case; we therefore provide below a personal explanation of the solution adopted by the Court.
Keywords: Public Sales of Land; Market Value; Market Economy Investor Princple.

Respectively Partner and Associate at Willkie Farr & Gallagher LLP (Brussels).


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