Utility Should Repay €1B In French Aid: EU Court Adviser

Law360, New York (October 20, 2011, 9:11 PM EDT) -- An adviser to the European Union's highest court on Thursday agreed with a European Commission decision ordering a French state-owned electric utility to repay €1.2 billion ($1.7 billion) in allegedly unlawful state aid, coming down against a European General Court ruling.

Advocate General Jan Mazak found the General Court misapplied case law and incorrectly reconstructed the facts of the case in its 2009 decision to vacate the billion dollar penalty, saying the court’s judgment as it stood could throw into dispute European laws governing state aid...
To view the full article, register now.