ING Wins Challenge Forcing EU to Reconsider Bailout Terms

ING Groep NV won a court ruling forcing European Union regulators to re-examine the conditions they imposed on the Dutch lender’s government rescue in the wake of the 2008 financial crisis.

The EU’s General Court said the European Commission wrongly considered a revision of repayment terms as 2 billion euros ($2.65 billion) of additional aid to ING on top of 10 billion euros it received in 2008. The court struck down part of the EU’s decision, which will force regulators to re-open their assessment of part of the Dutch government’s bailout to the bank.