State Aid State Aid

EU links state recapitalizations to curbs on M&A, dividends, conduct under draft framework

By Lewis Crofts and Natalie McNelis
  • 09 Apr 2020 15:44
  • 10 Apr 2020 06:54
Airlines, manufacturers and other struggling businesses can benefit from state recapitalization to survive the Covid-19 crisis, but they will face a ban on M&A activity, curbs if they are powerful companies, and they will need to present an exit plan within six months, according to a draft framework seen by MLex.

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Lewis Crofts


Lewis leads MLex's editorial strategy, content direction, quality and development. He has a reputation for breaking stories and providing analysis on complex legal disputes before regulators and courts around the globe. He has also developed MLex's unrivalled coverage of competition policy, litigation, regulation, Brexit and international investigations.

Natalie McNelis

Senior Correspondent

Natalie McNelis covers mergers for MLex in Brussels. Before joining MLex in 2017, she spent 20 years as an international trade and competition lawyer in law firms including Stibbe and WilmerHale. Natalie has a BA in English from Mount Holyoke College, a JD from Harvard Law School and an LLM in EU law from KU Leuven. She is admitted to the bar in New York.

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