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On 3 March 2011, Clifford Chance published a client briefing "Sanctions affecting Libya" outlining the first regulations with sanction provisions relating to the current situation in Libya
Belgium, European Union, Netherlands, United Kingdom
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November 18 2009
Today, the European Commission (EC) announced decisions regarding state aid for KBC Group NV (KBC), ING Groep NV (ING) and Lloyds Banking Group (Lloyds), which will "secure their long term viability," "require each of these banks to contribute substantially to the financing of their restructuring," and "ensure that none of these banks will enjoy an unfair competitive advantage as a result of the very large-scale public support they have received."
The European Commission has opened an in-depth investigation under EC Treaty State aid rules to establish whether state measures in favour of Fortis Bank Nederland (FBN) and the activities of ABN Amro which were acquired by Fortis ("the ABN activities") are in line with EU State aid rules
The European Commission has opened an in-depth investigation concerning the compliance with EU State aid rules of State measures in favour of Fortis Bank Nederland (FBN) and ABN Amro
Yesterday, the European Commission announced the opening of "an in-depth investigation under EC Treaty state aid rules" to determine whether the Dutch government's October purchase of Fortis Bank Nederland (Holding) NV (FBN) from Fortis SANV and Fortis NV, the subsequent provision of tens of billions in loans to FBN, and the government's December purchase of FBN's stake in ABN Amro NV (ABN) for 6.5 billion, were all "in line with EU state aid rules."
The European Commission has granted temporary clearance to the illiquid asset back-up facility provided by the Dutch State to the financial group ING, with final approval dependent on the result of an in-depth investigation
