EC Erred On Danish TV State Aid: EU Court

Law360, New York (October 22, 2008, 12:00 AM EDT) -- The European Commission wrongfully determined that funds channeled by the Kingdom of Denmark to a public television channel amounted to state aid because it did not conduct a thorough investigation of the underlying economics of the financing, the Court of First Instance of the European Communities has ruled.

In a decision handed down on Wednesday, the court annulled the commission's findings, which had been challenged by a Danish commercial television network and the public television network as well as Denmark.

Instigated by complaints from television network...
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.