EU Top Court Upends Rebuke Of French Fishing Industry Aid

Law360 (September 18, 2020, 3:30 PM EDT) -- The European Union's highest court has partially upended a European Commission decision finding that French aid for the fishing industry in the wake of a 1999 oil spill and a severe storm was illegal state aid.

The European Court of Justice said Thursday that a French assistance scheme that reduced the social security contributions of fisheries and their employees for six months in 2000 — following the wreck of an oil tanker in December 1999 and a "violent storm" that occurred later that month — was not "incompatible with the common market" like the EU's antitrust regulator declared.

According to the...

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