European Commission to investigate possible state aid for Hinkley point nuclear project
The European Commission has announced that it intends to open a detailed investigation into possible state aid for the Hinkley point nuclear new-build project.
It stated in its announcement that it doubts the project suffers from a genuine market failure. It is also quite negative regarding the project’s prospects of being found to constitute ‘services of general economic interest’ (SGEI).
So what is the legal headline here? The main point to keep in mind is that a key feature of the European Commission’s investigation will be to decide whether the project represents an SGEI. The expression ‘SGEI’ is not defined by community law but essentially comprises an economic activity that public authorities define as being of particular importance to citizens, and which either would not be supplied or would be supplied under different conditions if there were no public intervention…
Click on the link below to read the rest of the Wragge & Co briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Wragge Lawrence Graham & Co
News from The Lawyer
Briefings from Wragge Lawrence Graham & Co
Two questions that go to the heart of whether ISPs can be required to block websites wthat promote the sharing of copyright-infringing content.
What should retailers do when planning flash sales and other short-term offers likely to trigger high demand? WLG sets out a few practical and legal pointers to help retailers get ready for the race ahead