EU Revisits EDF Tax Aid Probe After Nixing Of €1.2B Penalty

Law360, New York (May 2, 2013, 6:32 PM EDT) -- The European Commission said Thursday it has reopened an investigation to consider whether Electricite de France SA received illegal state aid, a move that comes after a court threw out an earlier commission order forcing EDF to return €1.2 billion ($1.6 billion).

The EC said in a statement it will look into certain tax measures granted to EDF by France's government, in light of a European Union court decision that overturned an earlier finding that EDF had improperly benefited from state aid, and ordered the company...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.