EU court affirms Belgian guarantee scheme breached state aid law
Credit: iStock.com/JurgaR
The European Court of Justice has affirmed that Belgium granted illegal state aid in the wake of the 2008 financial crisis, when it gave a guarantee to private shareholders of three financial cooperatives whose parent group was the main stakeholder in a distressed Belgian-French bank.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Register now
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now