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Document 62020TN0277
Case T-277/20: Action brought on 7 May 2020 — MKB Multifunds v Commission
Case T-277/20: Action brought on 7 May 2020 — MKB Multifunds v Commission
Case T-277/20: Action brought on 7 May 2020 — MKB Multifunds v Commission
OJ C 247, 27.7.2020, p. 24–25
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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27.7.2020 |
EN |
Official Journal of the European Union |
C 247/24 |
Action brought on 7 May 2020 — MKB Multifunds v Commission
(Case T-277/20)
(2020/C 247/34)
Language of the case: Dutch
Parties
Applicant: MKB Multifunds BV (Zierikzee, Netherlands) (represented by: J. van de Hel en R. Rampersad, lawyers)
Defendant: European Commission
Form of order sought
The applicant claims that the Court should:
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annul the decision of the Commission of 27 February 2020 concerning State aid SA.55704 (2019/FC) — The Netherlands — Alleged aid related to the Dutch Venture Initiative (‘DVI’); |
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order the Commission to reopen its investigation; |
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order the Commission to pay the costs. |
Pleas in law and main arguments
In support of its action, the applicant puts forward three pleas in law.
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1. |
First plea: the Commission erred in determining that the investments of DVI, a fund-of-funds structure, in private equity funds were market conform. |
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Second plea: the Commission erred in determining that the overall fee structure of the European Investment Fund (EIF) was in line with the fee structure of a comparable market operator of fund-of-funds. |
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Third plea: the Commission erred in determining that the investment by the Netherlands Government in DVI’s fund-of-funds structure was market conform. |