OpenLegislation

Article 2

United Kingdom

Original text. Later amendments are not shown.

1.

Belgium shall recover the incompatible aid granted referred to in Article 1 from the direct beneficiaries or their legal successors.

2.

The amounts to be recovered shall bear interest from the date on which they were placed at the disposal of the beneficiary until the date of their recovery.

3.

The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004f1.

Annotations

Footnotes

f1

Commission Regulation (EC) No 794/2004 of 21 April 2004 implementing Council Regulation (EC) No 659/1999 laying down detailed rules for the application of Article 93 of the EC Treaty(OJ L 140, 30.4.2004, p. 1).