State Aid State Aid

EU states face curbs on 'subordinated' loans to struggling companies

By Lewis Crofts
  • 27 Apr 2020 05:31
  • 27 Apr 2020 05:39
European governments can hand out subordinated loans to companies struggling due to the Covid-19 pandemic, but the amount must not exceed 40 percent of an annual wage bill or 5 percent of turnover.

The European Commission is today consulting governments on the draft plans to extend crisis-era changes to state aid rules, MLex

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