Aid for organisers

EU Commission approves Danish compensation scheme

kf - Monday, March 23, 2020    

EU Commission approves Danish compensation scheme
Photo: Unsplash

The European Commission has found a DKK91 million (€12 million) Danish aid scheme to compensate organisers for the damage suffered due to the cancellation of large events with more than 1,000 participants due to the COVID-19 outbreak to be in line with EU State aid rules. Operators would be entitled to be compensated for the losses suffered as a consequence of the cancellations or postponement of events, for which, for example, tickets had already been sold. This is the first State aid measure notified by a Member State to the Commission in relation to the COVID-19 outbreak. The Commission approved the scheme under EU State aid rules within 24 hours of receiving the notification from Denmark. The Commission stands ready to work with all Member States to ensure that possible national support measures to tackle the outbreak of the COVID-19 virus can be put in place in a timely manner, in line with EU rules. To this end, the Commission has established a dedicated contact point for Member States to provide them with guidance on possibilities under EU rules. Executive Vice President Margrethe Vestager, in charge of competition policy, said: "With the scheme, Denmark will compensate the organisers of events cancelled due to the COVID-19 outbreak for the losses suffered. This is the first State aid measure notified to us by a Member State in relation to the COVID-19 outbreak. We stand ready to work with all Member States to ensure that possible national support measures to tackle the outbreak of the virus can be put in place as quickly and effectively as possible, in line with EU rules".

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Practice | Markets | Corona Virus | European Commission | Danish aid scheme | COVID-19 | Coronavirus | Support