E.U. Goes After France For Takeover Decree

Law360, New York (April 4, 2006, 12:00 AM EDT) -- In a move that reflects a growing concern over alleged Paris-backed protectionism, the European Commission has taken formal action against France for its national decree designed to impede foreign investment in strategic areas of industry.

The Commission sent a formal letter of notice to Paris over suspicions that a controversial French law, which protects roughly 11 sensitive areas from foreign takeovers, contravenes European Union rules.

News of the formal action comes just after the Commission told reporters that European officials had agreed to send a warning...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.