Covid–19 coronavirus update: European Commission State aid decisions

Under State aid rules, UK and EEA Member State governments may not generally provide selective assistance to businesses without prior approval from the European Commission (EC). This includes assistance in the form of government direct grants, interest and tax reliefs, loans, guarantees, forbearance of existing loan terms, export credit insurance and equity investment. If these measures are provided selectively and on terms that the market would not provide (eg to a borrower in financial difficulty), or that are not being provided on arm’s-length commercial terms, they qualify as State aid and require prior approval from the EC.

Please see full Publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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