C-284/21 PEuropean Commission v Anthony Braesch and Others

The court's own keywords

Appeal – State aid – Articles 107 and 108 TFEU – Restructuring aid – Banking sector – Preliminary examination stage – Decision declaring the aid compatible with the internal market – Restructuring plan – Commitments given by the Member State concerned – Burden-sharing measures – Conversion of subordinated debts into equity – Bondholders – Action for annulment – Admissibility – Fourth paragraph of Article 263 TFEU – Locus standi – Natural or legal person directly and individually concerned – Breach of the procedural rights of interested parties – Failure to initiate the formal investigation procedure – Article 108(2) TFEU – Concept of ‘parties concerned’ – Regulation (EU) 2015/1589 – Article 1(h) – Concept of ‘interested party’ – National measures taken into account by the European Commission – Inadmissibility of the action.

Interprets