EU Ends Financing Deals To Comply With Airbus Ruling

Law360, New York (December 2, 2011, 4:59 PM EST) -- The European Union on Friday disclosed the 36 steps it has taken to comply with a World Trade Organization ruling that Airbus SAS received prohibited subsidies, including putting an end to financing deals between Airbus and EU countries.

The EU said Thursday that it had complied with the WTO Appellate Body's April ruling on the subsidies, which were challenged by the U.S., but did not publicly disclose the steps it had taken until Friday.

According to a six-page document posted on the European Commission's website, the...
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