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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.