State aid regulations often require competitive commitments similar to those involved in merger control, including structural remedies such as divestitures or the restructuring of a company. These commitments as a general rule must be monitored by a monitoring trustee.
In the wake of the global financial crisis, large parts of the European banking sector were restructured through complex refinancing and restructuring measures, granted on the condition that banks committed to downsizing and adapting their business models to establish long-term viability. A monitoring trustee is required to ensure compliance with these commitments.
Mazars supports companies across all sectors in state aid proceedings. More information about state aid cases and the policies covering Europe can be found on the European Commission's website.