2009/174/EC: Commission Decision of 21 October 2008 on measure C 35/04 implemented by Hungary for Postabank and Takarékpénztár Rt./Erste Bank Hungary Nyrt. (notified under document number C(2008) 6023) (Text with EEA relevance)

1 The potential claims by Arthur Andersen Audit Könyvszakértő Korlátolt Felelősségű Társaság and Prudentia Könyvvizsgáló és Gazdasági Tanácsadó Korlátolt Felelősségű Társaság (or their assignees or legal successors), as included in ‘Risk definition O’ in the Erste Bank unilateral declaration of 29 April 2004, do not qualify as applicable after accession.

2 The rest of the indemnity undertaking for unknown claims implemented by the Republic of Hungary for Postabank és Takarékpénztár Rt./Erste Bank Hungary Nyrt., does qualify as applicable after accession and constitutes State aid incompatible with the common market.

The Republic of Hungary shall terminate the part of the indemnity undertaking for unknown claims that qualifies as applicable after accession with retroactive effect from 30 April 2004.

The Republic of Hungary shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply with it.

This Decision is addressed to the Republic of Hungary.