Belgium : Commission concludes that Belgian crystal producer Val Saint-Lambert received incompatible State aid; authorises the sale of some of its assets

August 2014
TendersInfo News;8/1/2014, p1
The article focuses on the decision of the European Commission certain aid measures that the Walloon Region granted to Belgian crystal producer Val Saint-Lambert SA (VSL) has breached the European Union (EU) State aid rules. Topics covered include an undue economic advantage that the aid conferred over to the competitors of VSL, the order by the EC for VSL to pay back the amount of the aid plus interest, and the authorization of the sale of VSL assets after it declared bankruptcy.


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