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Actually Apple is supposed to pay interest as well, but it's probably going to be a very low "legal interest rate". From the original decision: ---- 1. Ire
by Nemo_bis 2y ago
Actually Apple is supposed to pay interest as well, but it's probably going to be a very low "legal interest rate".
From the original decision:
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1. Ireland shall recover the aid referred to in Article 1(1) from Apple Sales International.
2. Ireland shall recover the aid referred to in Article 1(2) from Apple Operations Europe.
3. The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiaries until their actual recovery.
4. The interest shall be calculated on a compound basis in accordance with Chapter V of Regulation (EC) No 794/2004.
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https://eur-lex.europa.eu/eli/dec/2017/1283/oj https://eur-lex.europa.eu/eli/dec/2017/1283/oj
Linked in https://curia.europa.eu/jcms/upload/docs/application/pdf/2024-09/cp240133en.pdf https://curia.europa.eu/jcms/upload/docs/application/pdf/202...