E.U. Likely To Approve New State Aid Rules

Law360, New York (December 8, 2006, 12:00 AM EST) -- The European Union is expected to pass new subsidy guidelines to raise the threshold of state aid to small businesses that is exempted from E.U. restrictions.

The draft law would increase the state aid level to €200,000 from the current level of €100,000 that is exempt from review by E.U. regulators. Loan guarantees are also covered by the new rules, provided that the loan amount doesn’t exceed €1.7 million.

E.U. spokesperson Jonathan Todd said Friday the European Commission would likely approve the law Tuesday, and the...
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