E.C. May Let French Takeover Law Slide

Law360, New York (May 25, 2006, 12:00 AM EDT) -- Nearly two months after the European Commission took formal action against France for its national decree designed to impede foreign investment in strategic areas of industry, the agency’s efforts to strike down the law may be losing steam under new E.U. takeover rules that went into effect this week.

Amid growing concern over alleged Paris-backed protectionism, the Commission sent a formal letter of notice to France in April over suspicions that the controversial law, which protects roughly 11 sensitive areas from foreign takeovers, contravenes E.U. rules....
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