EU To Investigate French Bid To Privatize Ports

Law360, New York (April 9, 2009, 12:00 AM EDT) -- A recently passed French law to overhaul the way the country manages its declining seaports has attracted the attention of the European Commission, which will consider whether a measure to privatize port operations would violate Europe's rules on state aid.

The commission intends to launch a probe into the French law, which received approval from both houses of France's legislature last summer but has yet to take effect, the EC announced Wednesday.

France alerted the watchdog to the measures in December, leading to Wednesday's notice that...
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.