The concept of undertaking in difficulty in the new Commission Guidelines on State aid for rescuing and restructuring
La notion d’entreprise en difficulté dans les nouvelles lignes directrices sur les aides au sauvetage et à la restructuration
Résumé
The new guidelines on state aid for rescuing and restructuring give a new definition of the concept of undertaking in difficulty making this concept more complex in its comprehension. The general idea remains that an undertaking is considered to be in difficulty when, without intervention of the State, it will almost certainly be condemned to going out of business in the short or medium term. But, more precisely, the new guidelines refer to four situations in which an undertaking will be considered to be in difficulty. These four scenarios, which use quite technical concepts, should be explained in their content and their meaning.