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… prohibition of state aid as contained in the Treaty, and the derogations from this rule are limited. However, it is recognized that in some instances state aid can help to achieve objectives of common interests and correct market failures that arise when markets do not function in an economically efficient way. The granting of a state aid by a Member State in such an instance can improve this efficiency and promote further development of the firm and indirectly of the region. If granted under … out a restructuring or liquidation plan.” The general principle is that rescue aid makes it possible temporarily to support a company confronted with an important deterioration of its financial situation reflected by an acute liquidity crisis or technical insolvency”32 Paragraph 15 of the 2004 guidelines goes on to explain that within a time-period, not exceeding six months, temporary support is offered, in order to give the undertaking time to analyse the circumstances that have contributed to … 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 …