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… overview of what has happened in the past two decades in the area of rescue and restructuring aid in the EU. This paper will mainly focus on the changes of the past decade and the changes that are introduced in the upcoming 2014 guidelines. Beginning with discussing the purpose of rescue and restructuring aid in the EU, the placement of R&R in the general idea of state aid and a brief overview of the development of the Rescue and restructuring guidelines. This is followed by an introduction to the … aid. In addition to this, they also added “the one- time, last-time” principle to apply to the rescue aid.35 This principle makes sure an undertaking will only receive aid once in a period of ten years. It has been established to avoid situations where the State repeatedly grants aid to an undertaking, through a combination of rescue and restructuring aid.36 Supporting this change, a maximum amount of rescue aid has been established which is found in the annex of the 2004 guidelines. This … Stoll, Dolan, McCracken & Mitchel 2008 John D. Stoll, Matthew Dolan, Jeffrey McCracken & Josh Mitchel; ; Big Three Seek $34 Billion Aid :GM, Chrysler Warn of Collapse This Month as Lawmakers Explore Bankruptcy, Dec. 3, 2008 - retrieved via: http://online.wsj.com/news/articles/SB122823078705672467?mod=todays_us_page_one&m g=reno64- wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB122823078705672467.html%3 Fmod%3Dtodays_us_page_one, last visited on 30-05-2014 Sullivan & Cromwell LLP 2013 Sullivan …