{
  "url": "https://openlegislation.uk/eu-decision-2012-477",
  "json_url": "https://openlegislation.uk/eu-decision-2012-477.json",
  "id": "eudn/2012/477",
  "title": "Commission Decision of 20 September 2011 on State aid granted by Germany to HSH Nordbank AG SA.29338 (C 29/09 (ex N 264/09)) (notified under document C(2011) 6483) (Only the German text is authentic) (Text with EEA relevance) (2012/477/EU)",
  "short_title": "Commission Decision of 20 September 2011 on State aid granted by Germany to HSH Nordbank AG SA.29338 (C 29/09 (ex N 264/09)) (notified under document C(2011) 6483) (Only the German text is authentic) (2012/477/EU)",
  "long_title": "Commission Decision of 20 September 2011 on State aid granted by Germany to HSH Nordbank AG SA.29338 (C 29/09 (ex N 264/09)) (notified under document C(2011) 6483) (Only the German text is authentic) (Text with EEA relevance) (2012/477/EU)",
  "citation": "EU Decision 2012/477",
  "type": "eudn",
  "year": "2012",
  "number": "477",
  "version": "current",
  "date": "2011-09-20",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-decision-2012-477/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/article-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-decision-2012-477/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/I",
      "kind": "annex",
      "number": "I",
      "heading": "LIST OF COMMITMENTS REFERRED TO IN ARTICLE 1(2) AND ARTICLE 2",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/I/division/1.1",
      "kind": "division",
      "number": "1.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-1.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/1.2",
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      "number": "1.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-1.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/3",
      "kind": "division",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.1",
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      "number": "4.1",
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      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.2",
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      "number": "4.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.2",
      "extent": "E+W+S+N.I.",
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      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.3",
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      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.4",
      "kind": "division",
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      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.5",
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      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.6",
      "kind": "division",
      "number": "4.6",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.7",
      "kind": "division",
      "number": "4.7",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.8",
      "kind": "division",
      "number": "4.8",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.9",
      "kind": "division",
      "number": "4.9",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.10",
      "kind": "division",
      "number": "4.10",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4.11",
      "kind": "division",
      "number": "4.11",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/5",
      "kind": "division",
      "number": "5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/6.1",
      "kind": "division",
      "number": "6.1",
      "heading": "[Locations] The following HSH offices will close by no later than 31 December 2011:",
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-6.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/6.2",
      "kind": "division",
      "number": "6.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-6.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/6.3",
      "kind": "division",
      "number": "6.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-6.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/6.4",
      "kind": "division",
      "number": "6.4",
      "heading": "HSH may retain the following offices:",
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-6.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/6.5",
      "kind": "division",
      "number": "6.5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-6.5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/7.1",
      "kind": "division",
      "number": "7.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-7.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/7.2",
      "kind": "division",
      "number": "7.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-7.2",
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    },
    {
      "path": "annex/I/division/7.3",
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      "number": "7.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-7.3",
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      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/7.4",
      "kind": "division",
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      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-7.4",
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      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/7.5",
      "kind": "division",
      "number": "7.5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-7.5",
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    },
    {
      "path": "annex/I/division/8",
      "kind": "division",
      "number": "8",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/9.1",
      "kind": "division",
      "number": "9.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-9.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/9.2",
      "kind": "division",
      "number": "9.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-9.2",
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      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/9.3",
      "kind": "division",
      "number": "9.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-9.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/10",
      "kind": "division",
      "number": "10",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/11.1",
      "kind": "division",
      "number": "11.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-11.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/11.2",
      "kind": "division",
      "number": "11.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-11.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/11.3",
      "kind": "division",
      "number": "11.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-11.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/12.1",
      "kind": "division",
      "number": "12.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-12.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/12.2",
      "kind": "division",
      "number": "12.2",
      "heading": "In the context of the possibilities under civil law, HSH is to remunerate its bodies, employees and essential agents in line with the following principles:",
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-12.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/13.1",
      "kind": "division",
      "number": "13.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-13.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/13.2",
      "kind": "division",
      "number": "13.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-13.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/14",
      "kind": "division",
      "number": "14",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/15",
      "kind": "division",
      "number": "15",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-I/division-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/II",
      "kind": "annex",
      "number": "II",
      "heading": "LIST OF CONDITIONS REFERRED TO IN ARTICLE 2",
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/II/division/1.1",
      "kind": "division",
      "number": "1.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.2",
      "kind": "division",
      "number": "1.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.3",
      "kind": "division",
      "number": "1.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.4",
      "kind": "division",
      "number": "1.4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.5",
      "kind": "division",
      "number": "1.5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.6",
      "kind": "division",
      "number": "1.6",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.7",
      "kind": "division",
      "number": "1.7",
      "heading": "In so far as the obligation to pay the additional premium would result in HSH’s ratio of common equity, calculated in accordance with the regulatory requirements in force at the time and including market price risks (common equity ratio), falling below 10 % (minimum common equity ratio) at the time the additional premium entitlement arises, or if an already existing shortfall increases further, HSH Finanzfonds AöR will waive that part of the entitlement which would lead to the common equity ratio falling below the minimum common equity ratio (deferred additional premium entitlement), with effect from the time the entitlement arises in return for the provision of a debtor warrant pursuant to the provisions of this point of this Annex:",
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.8",
      "kind": "division",
      "number": "1.8",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.9",
      "kind": "division",
      "number": "1.9",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.10",
      "kind": "division",
      "number": "1.10",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.11",
      "kind": "division",
      "number": "1.11",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.12",
      "kind": "division",
      "number": "1.12",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.13",
      "kind": "division",
      "number": "1.13",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-1.13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/1.14",
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      "status": null,
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      "kind": "annex",
      "number": "III",
      "heading": "TIME OF SALES OF HOLDINGS (DATE OF SIGNING OF SALES CONTRACT) IN ACCORDANCE WITH POINT 7.1 OF ANNEX I",
      "url": "https://openlegislation.uk/eu-decision-2012-477/annex-III",
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2012/477",
    "retrieved_at": "2026-10-31T18:19:10.079268+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}