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This two-part volume constitutes a state-of-the-art description and analysis of all aspects of the State aid discipline in EU competition law. Above all, it sets out all the novelties of the State Aid Modernization program which was launched in 2012 and completed in the summer of 2014. The second edition reviews all major guidelines, frameworks, and legislation, including the Procedural Regulation, the Enabling Regulation, the General block exemption Regulation, and the de minimis Regulation. The book explains the Commission's overall approach to compatibility of State aid, describes the new common principles for assessment, and discusses the new requirements for evaluation and transparency. It gives a detailed account of the new rules on research and development, energy and environment (including the ETS), risk capital and risk finance, regional development, and rescue and restructuring of firms in difficulty. The book also explains the first rules ever adopted by the Commission on im
