The Council of State there took the view that the organisation concerned an implied by reason merely of its character as a publicly owned establishment: ‘In connection with the draft law on state involvement in the recovery plans for Crédit Lyonnais and Comptoir des Entrepreneurs, the Council of State […] took the view that there was a state guarantee for this establishment which derived without any express legislative provision from the very fact that it was a publicly owned establishment’.

In particular, the fact that the guarantee is only a would minimise the risk.

[…] charged a very low fee from Karjaportti for this guarantee, which indicates, that […] only granted the to Karjaportti as it was covered by the counter-guarantee of Finnvera.

On the basis of these documents, the Commission accepted the only if their realisation was contractually linked to specific conditions which may go as far as the compulsory declaration of insolvency of the beneficiary or any similar procedure.

The procedures for ensuring traceability at Community level shall be established by the Commission.

BAWAG-PSK confirmed in its 2006 annual accounts that ‘the guarantee can be drawn if the insolvency threatens only because the expiration date of 1 July 2007 approaches. Austria can avoid the drawdown in prolonging its duration.’

The drawdown of the guarantee was also permitted if insolvency threatened only because the would expire on 1 July 2007; the Federal Government could avoid the drawdown under the guarantee by extending it.

The period of validity shall end one month after the date of the final delivery.

The period of validity shall end one month after the date of the final delivery.

It is sufficient to investigate the former — the of ETVA to HDW/Ferrostaal — and to cancel it if it constitutes incompatible aid to HSY.

In 1999, HSY used two from ETVA to secure Strintzis’s advance payments amounting to EUR 6,6 million. The guarantees have been cancelled in July 2002 when the shipbuilding contract with Strintzis was cancelled.

Since the granted by ETVA to HDW/Ferrostaal constitutes incompatible aid in favour of HSY, the Commission considers that it has to be stopped immediately.

of ETVA in relation to the Strintzis contract (measure E13b)

In line with the principles mentioned in paragraph 17, the revised pricing formula set out in the Annex establishes the minimum guarantee fees that should apply where state guarantees are granted on a national basis, without any pooling of among EFTA States.

Expenditure on rural development under the EAGGF Section between 16 October and 31 December 2006

Arguments advanced by Germany and DHL that the mutual provision of between contracting parties is usual business practice are not more than a general statement and are therefore irrelevant because the above calculations show clearly that in the particular case Leipzig Airport is just not able to finance the offered warranties out of its own resources.

However, various forms of guarantee may exist, depending on their legal basis, the type of transaction covered, their duration, etc. Without the list being exhaustive, the following forms of can be identified:

the purpose of the measure is not to the FSAM portfolio in favour of Dexia, but to enable a sale to be made as a matter of urgency which is necessary for restructuring Dexia,

That specific structure was necessary to achieve a perfect match between the mark-to-market value of the guaranteed portfolio and the mark-to-market value of the guarantee with a view to removing profit and loss volatility caused by the fluctuation in value of the CDOs, the ultimate aim of the measure.

Restorative justice services, including for example victim-offender mediation, family group conferencing and sentencing circles, can be of great benefit to the victim, but require to prevent secondary and repeat victimisation, intimidation and retaliation.