Market investor principle. As a point of departure, the assessment of whether a property has been sold at market value should be assessed at the time of the conclusion of the contract. The State Aid Guidelines on State aid elements in sales of land and buildings by public authorities give further information on how the Authority interprets and applies the provisions of the EEA Agreement governing State aid when it comes to assessing sales of public land and buildings. Section 2.1 describes a sale through an unconditional bidding procedure, while Section 2.2 describes a sale without an unconditional procedure (by way of an independent expert valuation). In this case, the municipality did not organise an unconditional bidding procedure but the sale took place on the basis of two value assessments carried out by independent experts. The assessments were obtained by the municipality on 7 and 9 July 2008, respectively.
Market investor principle. 1.2.1. I n t r o d u c t i o n If the transaction was carried out in accordance with the market economy investor principle, i.e., if the municipality sold the land at its market value and the conditions of the transaction would have been acceptable for a private seller, the transaction would not involve the grant of state aid.
Market investor principle