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European Commission approves two Austrian schemes to combat the financial crisis

  • Alston & Bird LLP
  • -
  • Austria, European Union
  • -
  • March 31 2009

Last week, the European Commission (EC) approved, under the EC Treaty state aid rules, two Austrian schemes to "boost the real economy" and combat the "current credit squeeze"

Unicredit seeks up to 4 billion in capital instruments from the Italian and Austrian governments

  • Alston & Bird LLP
  • -
  • Austria
  • -
  • March 18 2009

Today, UniCredit released the resolutions of its board of directors, which, among other things, "mandated the CEO to negotiate the terms and conditions related to the issuance of Government capital instruments for an amount of up to Euro 4 billion."