France Telecom Wins Bid To Toss EC State Aid Ruling

Law360, New York (May 21, 2010, 3:56 PM EDT) -- The European Union's second-highest court ruled Friday that France Telecom SA did not receive illegal state aid from the French government in 2002 when the country offered the telecommunications giant a €9 billion ($11.3 billion) line of credit.

The European General Court overturned a 2004 decision from the European Commission, finding that though France Telecom benefited financially from the government's public loan offer, it did not actually receive any state funds.

Under EU law, a government action must both financially benefit a company and transfer state...
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