The European Commission found that Luxembourg tax rulings afforded Engie an unfair advantage over other companies, contrary to the EU State aid rules. Luxembourg will have to recover €120 million from the French electric utility company as a result of this selective tax treatment. This is the second time in 12 months that Luxemburg’s tax rulings have been ruled illegal by the Commission.
Also in this newsletter
Competition Commission of India publishes its order approving the acquisition of Monsanto by Bayer, subject to conditions
Competition and Markets Authority consults on updated guidance on antitrust investigation procedures
General Court upholds European Commission’s investigation in České dráhyn case
US Supreme Court upholds American Express merchant rules
