E.U. Seeks More Time To Assess Shipbuilding State Aid

Law360, New York (October 24, 2006, 12:00 AM EDT) -- Competition authorities for the European Union’s executive arm on Tuesday extended the bloc’s framework for regulating government subsidies in the shipbuilding industry, seeking more time to understand the effects of its current policy.

The European Commission extended the rules until the end of 2008. Initially set to expire at the end of this year, they were put in place nearly three years ago in an effort to make E.U. shipbuilding more competitive globally.

However, since the current shipbuilding framework took affect, only a few cases have...
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