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Cleary overturns Brussels’ rejection of Italian bank rescue

By Dominic Lawson

19 March 2019

Cleary overturns Brussels’ rejection of Italian bank rescue European Court of Justice, Luxembourg / iStock.com/carterdayne

An EU court has upheld the 2014 rescue of Italy's troubled Banca Tercas, accepting a challenge to a European Commission state aid ruling from a banking consortium represented by Cleary Gottlieb Steen & Hamilton.