Rescue and Restructuring Aid

Rescue and Restructuring Aid refers to financial support provided by a government to help struggling companies avoid bankruptcy. "Rescue Aid" is short-term assistance to keep a company afloat during a crisis, while "Restructuring Aid" helps a company reorganize for long-term viability. Under State Aid Law in the European Union, such aid is regulated to ensure it doesn’t distort competition unfairly. Governments must follow specific rules and conditions to grant this aid, ensuring it is targeted and effective, ultimately aiming to restore the company’s viability without harming the market.