Cancellation of state guarantees made more difficult - the Residex ruling of the ECJ requires national courts to look for more proportionate measures to remedy unlawful State aid *

European Union - December 14 2011
On 8 December 2011, the European Court of Justice (“ECJ”) gave its hotly anticipated ruling in the Residex case on guarantees under the State aid rules.

Co-authors: Mark D. Powell , Kai Struckmann, Emma Roarty.