The Subsidy Control Bill (the "SCB"), first introduced by the Department of Business, Energy and Industrial Strategy (the "BEIS") on 30 June 2021, is making its way through the House of Lords ahead of expected adoption in...more
State aid remained one of the key sticking points in Brexit negotiations right until the announcement of the Trade and Cooperation Agreement ("TCA") on Christmas Eve 2020. One of the key priorities of the European Union...more
2/8/2021
/ BEIS ,
Cross-Border Transactions ,
EU ,
European Commission ,
Financial Assistance Policies ,
Judicial Review ,
Member State ,
State Aid ,
Subsidies ,
Trade Relations ,
UK ,
UK Brexit ,
UK Competition and Markets Authority (CMA)
The General Court has upheld a challenge to a 2016 Commission decision that had required Ireland to recover €13.2 billion in illegal State aid from Apple, on account of alleged preferential tax treatment for the...more
7/20/2020
/ Annulment ,
Apple ,
Corporate Taxes ,
EU ,
European Commission ,
Illegal State Aid ,
IP License ,
Ireland ,
Multinationals ,
Popular ,
Refunds ,
Reversal ,
State Aid ,
Subsidiaries
In anticipation of the wave of requests from stricken companies due to the COVID-19 outbreak for more long-term State support, on 8 May, the Commission extended the scope of its State aid Temporary Framework to allow Member...more
On 3 April, the Commission adopted an Amendment to extend the Temporary Framework for State aid measures to support the economy in the COVID-19 outbreak adopted on 19 March (covered in our previous alert: European Commission...more
The European Commission has now adopted a Framework of temporary State aid rules enabling Member States to adopt measures to support the growing number of businesses suffering because of the COVID-19 outbreak. This is the...more
3/25/2020
/ Banks ,
Coronavirus/COVID-19 ,
Emergency Response ,
EU ,
European Commission ,
Federal Grants ,
Federal Loans ,
Financial Distress ,
Interest Rates ,
Member State ,
Small and Medium-Sized Enterprises (SMEs) ,
State Aid ,
State of Emergency ,
Subsidies ,
Tax Credits ,
Tax Deferral ,
Treaty on the Functioning of the European Union (TFEU)
As the number of businesses around the EU affected by the COVID-19 outbreak grows, many Member States are considering or have announced substantial supporting packages in an effort to limit the impact of the outbreak on the...more