New publication by Malgorzata Agnieszka Cyndecka

This article addresses the problem of objectives pursued by the state under the application of the Market Economy Investor Principle (MEIP), also known as the «private investor test» (PIT).1 The MEIP has become one of the most relevant legal instruments applied under EU/EEA State aid law.2 Yet, in some cases, it may pose difficult questions. The problem of objectives amounts to the question of what objectives the state must, may and may not pursue when it aims to comply with the test. Even though the MEIP has been applied for almost thirty years, the issue of objectives pursued remains controversial.