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Court upholds EC ruling in FT state aid case

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • European Union, France
  • -
  • December 4 2009

In a second development that involves France Telecom (FT), Europe’s Court of First Instance (CFI) upheld the European Commission (EC) on Monday with respect to a 2004 ruling in which the EC decreed that tax concessions extended to FT by the French government between 1994 and 2002 constituted illegal state aid