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European Commission widens investigation into restructuring plan for Northern Rock

  • Alston & Bird LLP
  • -
  • European Union, United Kingdom
  • -
  • May 7 2009

Today, the European Commission announced it has extended the scope of its April 2 in-depth investigation into the UK's aid package and restructuring plan for Northern Rock Plc

European Commission approves additional installment of French aid for merging banks

  • Alston & Bird LLP
  • -
  • European Union, France
  • -
  • May 8 2009

Today, the European Commission approved a 2.45 billion of state aid to Caisse d’Épargne and Banque Populaire

European Commission approves Czech temporary aid plans

  • Alston & Bird LLP
  • -
  • Czech Republic, European Union
  • -
  • May 7 2009

The European Commission has approved, under EC Treaty state aid rules, two Czech plans to provide relief for companies during the current economic crisis

Commission opens in-depth investigation into aid package for German bank Hypo Real Estate

  • Squire Sanders
  • -
  • European Union, Germany
  • -
  • May 11 2009

The European Commission has opened under EC Treaty State aid rules an in-depth investigation into state support measures for German bank Hypo Real Estate

Commission extends in-depth investigation into UK aid package for Northern Rock

  • Squire Sanders
  • -
  • European Union, United Kingdom
  • -
  • May 11 2009

The European Commission has extended the scope of its in-depth investigation under EC Treaty State aid rules into a UK aid package for Northern Rock

European Commission approves Belgian aid as part of Fortis break-up

  • Alston & Bird LLP
  • -
  • Belgium, European Union
  • -
  • May 12 2009

Today, in what appears to be one of last chapters in the Fortis saga, the European Commission (EC) has approved the additional aid measures provided by Belgium as part of the recent Fortis SANV and Fortis N.V. shareholder-approved amendments to the agreements between Fortis Holding, BNP Paribas (BNP), Fortis Bank and Belgium over the partial breakup of Fortis Holding

Commission authorises Czech temporary scheme to grant reduced-interest loans

  • Squire Sanders
  • -
  • Czech Republic, European Union
  • -
  • May 11 2009

The Commission has authorised under EC Treaty rules on State aid a scheme to provide relief for firms encountering financing difficulties as a result of the credit squeeze in the current economic crisis

Commission approves amendments to Swedish bank guarantee

  • Squire Sanders
  • -
  • European Union, Sweden
  • -
  • May 7 2009

The European Commission has approved under EC Treaty State aid rules a package of amendments to the Swedish state guarantee scheme for financial institutions, initially approved on 30 October 2008 and 29 January 2009

European Commission announces state aid decisions on Commerzbank and Hypo Re; Soffin announces Hypo Re tender offer results

  • Alston & Bird LLP
  • -
  • European Union, Germany
  • -
  • May 8 2009

The European Commission announced today state aid decisions regarding two German financial institutions: Commerzbank and Hypo Real Estate

Commission authorises a further 2.45 billion capital injection for Caisse d’Épargne and Banque Populaire

  • Squire Sanders
  • -
  • European Union, France
  • -
  • May 11 2009

The European Commission has authorised, under the EC Treaty rules on State aid, a further 2.45 billion capital injection into the institution to be created by the merger between the Caisse d’Épargne and Banque Populaire groups