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

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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.

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