Judgment of the General Court (Second Chamber) of 14 July 2021.#Nike European Operations Netherlands BV and Converse Netherlands BV v European Commission.#State aid – Aid implemented by the Netherlands in favour of Nike – Tax rulings – Decision to initiate the formal investigation procedure – Arm’s length principle – Advantage – Selective nature – Equal treatment – Good administration – Inadequate preliminary examination – Serious difficulties – Obligation to state reasons.#Case T-648/19.