InterManager - What is prohibited under Article 5aa?


Szanowni Państwo, za zgodą InterManager (Kpt.Kuba Szymański), zamieszczamy materiał, do którego przeczytania mocno zachęcamy.


Dear Members


Thank you to Justyna Bartnicka at EC for sharing the following update to FAQs on EU article 5aa (Prohibition to engage with certain state owned enterprises):

What is prohibited under Article 5aa? 

This provision prohibits the conclusion of new contracts after 16 March 2022 with the legal persons contained in the Annex. The prohibition also applies to the execution of existing ones after 15 May 2022 or to the provision of any sort of economically valuable benefit (such as services or payments), even in the absence of such contractual relationship. The article does not prescribe the consequences that the prohibition should have on any ongoing contractual relations; an EU operator should take the measures necessary in light of its specific situation to halt its dealings by the end of the wind-down period on 15 May 2022.