Bolsa Ferruz, Miguel Angel; Nicolaides, Phedon - European Economic Studies, College of Europe - 2013
State aid for rescue and restructuring (R&R) of companies in difficulty causes a significant distortion of competition … specially strict when it assesses rescue or restructuring aid. This paper examines recent cases of corporate restructuring … and establishes a theoretical framework for the economic assessment of R&R aid. It then analyses decisions adopted by the …