{
  "url": "https://openlegislation.uk/eu-decision-2014-341",
  "json_url": "https://openlegislation.uk/eu-decision-2014-341.json",
  "id": "eudn/2014/341",
  "title": "Commission Decision of 3 September 2013 State aid SA.32554 (09/C) Restructuring aid for Hypo Group Alpe Adria implemented by Austria (notified under document C(2013) 5648) (Only the German text is authentic) (Text with EEA relevance) (2014/341/EU)",
  "short_title": "Commission Decision of 3 September 2013 State aid SA.32554 (09/C) Restructuring aid for Hypo Group Alpe Adria implemented by Austria (notified under document C(2013) 5648) (Only the German text is authentic) (2014/341/EU)",
  "long_title": "Commission Decision of 3 September 2013 State aid SA.32554 (09/C) Restructuring aid for Hypo Group Alpe Adria implemented by Austria (notified under document C(2013) 5648) (Only the German text is authentic) (Text with EEA relevance) (2014/341/EU)",
  "citation": "EU Decision 2014/341",
  "type": "eudn",
  "year": "2014",
  "number": "341",
  "version": "current",
  "date": "2013-09-03",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
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      "number": "4.2.2.3",
      "heading": "Limitations",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.2/division-4.2.2/division-4.2.2.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/III/division/4/division/4.2/division/4.2.2"
    },
    {
      "path": "annex/division/n2/division/III/division/4/division/4.2/division/4.2.3",
      "kind": "division",
      "number": "4.2.3",
      "heading": "New business in the Retail segment",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.2/division-4.2.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/III/division/4/division/4.2"
    },
    {
      "path": "annex/division/n2/division/III/division/4/division/4.2/division/4.2.3/division/4.2.3.1",
      "kind": "division",
      "number": "4.2.3.1",
      "heading": "Further definitions and considerations",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.2/division-4.2.3/division-4.2.3.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/III/division/4/division/4.2/division/4.2.3"
    },
    {
      "path": "annex/division/n2/division/III/division/4/division/4.2/division/4.2.3/division/4.2.3.2",
      "kind": "division",
      "number": "4.2.3.2",
      "heading": "Limitations/Exclusions",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.2/division-4.2.3/division-4.2.3.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/III/division/4/division/4.2/division/4.2.3"
    },
    {
      "path": "annex/division/n2/division/IV",
      "kind": "division",
      "number": "IV",
      "heading": "Reprivatisation of the operational entities",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2"
    },
    {
      "path": "annex/division/n2/division/IV/division/1",
      "kind": "division",
      "number": "1",
      "heading": "Reduction in balance sheet totals and market presence",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV"
    },
    {
      "path": "annex/division/n2/division/IV/division/1/division/1.1",
      "kind": "division",
      "number": "1.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-1/division-1.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/1"
    },
    {
      "path": "annex/division/n2/division/IV/division/1/division/1.2",
      "kind": "division",
      "number": "1.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-1/division-1.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/1"
    },
    {
      "path": "annex/division/n2/division/IV/division/1/division/1.3",
      "kind": "division",
      "number": "1.3",
      "heading": "HGAA’s remaining market activities on 31 December 2012, i.e. the ‘operational entities’ within the meaning of section B.II.1, and the HBI, had a combined balance-sheet total of approximately EUR 17,54 billion and RWA of EUR 11,02 billion, which corresponded to merely some 40,5 % of HGAA’s group balance-sheet total and 33,6 % of RWA on 31 December 2008. Of these amounts,",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-1/division-1.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/1"
    },
    {
      "path": "annex/division/n2/division/IV/division/1/division/1.4",
      "kind": "division",
      "number": "1.4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-1/division-1.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/1"
    },
    {
      "path": "annex/division/n2/division/IV/division/2",
      "kind": "division",
      "number": "2",
      "heading": "Maintaining profitability until reprivatisation",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV"
    },
    {
      "path": "annex/division/n2/division/IV/division/3",
      "kind": "division",
      "number": "3",
      "heading": "Earliest possible reprivatisation",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV"
    },
    {
      "path": "annex/division/n2/division/IV/division/3/division/3.1",
      "kind": "division",
      "number": "3.1",
      "heading": "Reprivatisation",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-3/division-3.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/3"
    },
    {
      "path": "annex/division/n2/division/IV/division/3/division/3.2",
      "kind": "division",
      "number": "3.2",
      "heading": "Date of reprivatisation",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-3/division-3.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/3"
    },
    {
      "path": "annex/division/n2/division/IV/division/3/division/3.3",
      "kind": "division",
      "number": "3.3",
      "heading": "Reprivatisation deadline",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-3/division-3.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/3"
    },
    {
      "path": "annex/division/n2/division/IV/division/3/division/3.4",
      "kind": "division",
      "number": "3.4",
      "heading": "Execution deadline",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-3/division-3.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/3"
    },
    {
      "path": "annex/division/n2/division/IV/division/3/division/3.5",
      "kind": "division",
      "number": "3.5",
      "heading": "Extension of the execution deadlines",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-3/division-3.5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/3"
    },
    {
      "path": "annex/division/n2/division/IV/division/3/division/3.6",
      "kind": "division",
      "number": "3.6",
      "heading": "Change of purchaser",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-3/division-3.6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/3"
    },
    {
      "path": "annex/division/n2/division/IV/division/3/division/3.7",
      "kind": "division",
      "number": "3.7",
      "heading": "Failure to meet the reprivatisation or execution deadlines",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-3/division-3.7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/3"
    },
    {
      "path": "annex/division/n2/division/IV/division/4",
      "kind": "division",
      "number": "4",
      "heading": "Sale procedure",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV"
    },
    {
      "path": "annex/division/n2/division/IV/division/4/division/4.1",
      "kind": "division",
      "number": "4.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-4/division-4.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/4"
    },
    {
      "path": "annex/division/n2/division/IV/division/4/division/4.2",
      "kind": "division",
      "number": "4.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-IV/division-4/division-4.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/IV/division/4"
    },
    {
      "path": "annex/division/n2/division/V",
      "kind": "division",
      "number": "V",
      "heading": "Wind-down part",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2"
    },
    {
      "path": "annex/division/n2/division/V/division/1",
      "kind": "division",
      "number": "1",
      "heading": "Wind-down of existing business that preserves capital and value",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V"
    },
    {
      "path": "annex/division/n2/division/V/division/1/division/1.1",
      "kind": "division",
      "number": "1.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-V/division-1/division-1.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V/division/1"
    },
    {
      "path": "annex/division/n2/division/V/division/1/division/1.2",
      "kind": "division",
      "number": "1.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-V/division-1/division-1.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V/division/1"
    },
    {
      "path": "annex/division/n2/division/V/division/1/division/1.3",
      "kind": "division",
      "number": "1.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-V/division-1/division-1.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V/division/1"
    },
    {
      "path": "annex/division/n2/division/V/division/1/division/1.4",
      "kind": "division",
      "number": "1.4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-V/division-1/division-1.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V/division/1"
    },
    {
      "path": "annex/division/n2/division/V/division/2",
      "kind": "division",
      "number": "2",
      "heading": "No new business in the wind-down part",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V"
    },
    {
      "path": "annex/division/n2/division/V/division/2/division/2.1",
      "kind": "division",
      "number": "2.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-V/division-2/division-2.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V/division/2"
    },
    {
      "path": "annex/division/n2/division/V/division/2/division/2.2",
      "kind": "division",
      "number": "2.2",
      "heading": "Prolongations with existing customers remain allowed in the wind-down part too if there is a realistic and plausible prospect, supported by evidence, that a prolongation will improve the future serviceability or future utilisation of the financing. Prolongations will not be granted for longer than […]; justified exceptions with longer extension periods are to be disclosed to the Monitoring Trustee and adequately justified in each individual case. Even at the end of the restructuring period all wind-up activities must be resolved as quickly as possible.",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-V/division-2/division-2.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V/division/2"
    },
    {
      "path": "annex/division/n2/division/V/division/2/division/2.3",
      "kind": "division",
      "number": "2.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-V/division-2/division-2.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V/division/2"
    },
    {
      "path": "annex/division/n2/division/V/division/2/division/2.4",
      "kind": "division",
      "number": "2.4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-V/division-2/division-2.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V/division/2"
    },
    {
      "path": "annex/division/n2/division/V/division/3",
      "kind": "division",
      "number": "3",
      "heading": "Wind-down of HBI",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-V/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n2/division/V"
    },
    {
      "path": "annex/division/n3",
      "kind": "division",
      "number": "2",
      "heading": "Monitoring Trustee",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/n3/division/I",
      "kind": "division",
      "number": "I",
      "heading": "Appointment",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3"
    },
    {
      "path": "annex/division/n3/division/I/division/1",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n3/division-I/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3/division/I"
    },
    {
      "path": "annex/division/n3/division/I/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n3/division-I/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3/division/I"
    },
    {
      "path": "annex/division/n3/division/I/division/3",
      "kind": "division",
      "number": "3",
      "heading": "With the agreement of the Commission, the Trustee already appointed in fulfilment of the commitments in point 12 of the Annex to the Commission’s approval decision of 5 December 2012, C(2012) 9255 final, […], will continue to act as Trustee. In the event that the Commission instead requires another Trustee to be appointed, the following will apply:",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n3/division-I/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3/division/I"
    },
    {
      "path": "annex/division/n3/division/II",
      "kind": "division",
      "number": "II",
      "heading": "Duties and obligations of the Trustee",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3"
    },
    {
      "path": "annex/division/n3/division/II/division/1",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n3/division-II/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3/division/II"
    },
    {
      "path": "annex/division/n3/division/II/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n3/division-II/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3/division/II"
    },
    {
      "path": "annex/division/n3/division/II/division/3",
      "kind": "division",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n3/division-II/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3/division/II"
    },
    {
      "path": "annex/division/n3/division/III",
      "kind": "division",
      "number": "III",
      "heading": "Duties and obligations of Austria and HGAA",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n3/division-III",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3"
    },
    {
      "path": "annex/division/n3/division/IV",
      "kind": "division",
      "number": "IV",
      "heading": "Replacement and discharge of the Trustee",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3"
    },
    {
      "path": "annex/division/n3/division/IV/division/1",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n3/division-IV/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3/division/IV"
    },
    {
      "path": "annex/division/n3/division/IV/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n3/division-IV/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n3/division/IV"
    },
    {
      "path": "annex/division/n4",
      "kind": "division",
      "number": "2",
      "heading": "Final provisions",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/n4/division/I",
      "kind": "division",
      "number": "I",
      "heading": "Reporting on further aid",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n4"
    },
    {
      "path": "annex/division/n4/division/I/division/1",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n4/division-I/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n4/division/I"
    },
    {
      "path": "annex/division/n4/division/II",
      "kind": "division",
      "number": "II",
      "heading": "Settlement of legal disputes",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n4"
    },
    {
      "path": "annex/division/n4/division/II/division/1",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n4/division-II/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n4/division/II"
    },
    {
      "path": "annex/division/n4/division/II/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n4/division-II/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n4/division/II"
    },
    {
      "path": "annex/division/n4/division/III",
      "kind": "division",
      "number": "III",
      "heading": "Consultation clause",
      "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n4/division-III",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/n4"
    }
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  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2014/341",
    "retrieved_at": "2026-10-31T18:18:38.679232+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."
}