E.U. Goes After France For Takeover Decree

Law360, New York (April 4, 2006, 12:00 AM EDT) -- In a move that reflects a growing concern over alleged Paris-backed protectionism, the European Commission has taken formal action against France for its national decree designed to impede foreign investment in strategic areas of industry.

The Commission sent a formal letter of notice to Paris over suspicions that a controversial French law, which protects roughly 11 sensitive areas from foreign takeovers, contravenes European Union rules.

News of the formal action comes just after the Commission told reporters that European officials had agreed to send a warning...
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