Interpretation and application of EEA State aid law in Liechtenstein

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Type and Duration

FFF-Förderprojekt, October 2019 until December 2020

Coordinator

Propter Homines Chair for Banking and Financial Market Law

Main Research

Wealth Management

Field of Research

Wealth Planning

Description

The granting of State aid is increasing significantly across Europe, both in relative and absolute terms. In 2017, the countries of the European Economic Area spent on average about 0.7% of their GDP on state aid. Government subsidies can be found in all economic sectors, be it the production of renewable energies, the stabilisation of financial institutions or the promotion of a balanced media landscape. The areas and sectors in which states invest money are as diverse as the objectives and strategies pursued through the granting of subsidies.
The aim of the research project is to provide a comprehensive study of the (legal) foundations of state aid law and their implementation and enforcement. In addition to European legal acts and enforcement regulations, the focus will be on the status quo in Liechtenstein with regard to state aid law. This research project aims, on the one hand, to ensure a systematic penetration of EEA state aid law and, on the other hand, to provide an overview of state aid practice in Liechtenstein.

Reference to Liechtenstein

The Principality of Liechtenstein promotes special objectives by granting subsidies. For a long time, the preservation of a pluralistic media landscape in particular was regarded as a decisive reason for granting subsidies. However, Liechtenstein's expenditure on subsidies tripled in 2017 compared with previous years. The state budget spent on subsidies rose up to EUR 5.22 million, which can be explained by the first-time introduction of regulations for the promotion of environmental policy objectives.
This research project provides an overview of aid practice in Liechtenstein. The present research project thus intends to provide a systematic presentation of the most important aspects of state aid law. In addition, the most important legal problems in the area of EEA state aid law are analysed, and thereby contribute to legal certainty in the EEA. Furthermore, the basic research will generate opportunities for action, suggestions for improvement, and recommendations for the (enforcement) practice in Liechtenstein.

Sponsor

  • Forschungsförderungsfonds der Universität Liechtenstein