On 28 July 2011, the European Court of Justice (“ECJ”) handed down its judgments in appeals by the Basque provinces of the Territorios Históricos of Álava, Vizcaya and Guipúzcoa against rulings of the General Court upholding decisions by the European Commission finding that Basque tax credit measures providing 45% tax credits on certain investments and reductions in the tax base for corporation tax for newly-established firms infringed EU state aid rules. The CFI dismissed the appeals in their entirety.