Court Tosses EC Suit Against Greek Power Plant

Law360, New York (July 19, 2007, 12:00 AM EDT) -- Europe's highest court has ruled that Greece's largest electricity provider did not break European Union law during the bidding process for a thermoelectric plant, tossing a suit by the European Commission that accused the company of malfeasance.

In a press release issued Thursday, the Hellenic Public Power Corporation said that the European Court of Justice had ruled against the European Commission, finding that the award procedure for a thermoelectric plant in Lavrio did not violate regulations governing tender offers.

The Commission had filed the suit against...
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.