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Collapsed bank ordered to repay aid after failure to produce restructuring plan

Nabarro LLP
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European Union, Portugal
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August 9 2010

A Portuguese bank (BPP) has been ordered to repay illegal aid comprising of a State guarantee on a 450m loan

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Workarea - Trade & Customs
Workarea - Banking
Jurisdiction - European Union
Jurisdiction - Portugal
Author - Cyrus Mehta

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Collapsed bank ordered to repay aid after failure to produce restructuring plan

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