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Legal Briefing
Rules on rescue
Practice Area: State Aid
Sector: Public sector
Jurisdiction: European Union
Published: 20 November 2008
Law Firm: Hogan & Hartson
Overview
Following a flurry of rescue measures put in place by European Union (EU) member states to support the banking sector, on 13 October the European Commission (EC) issued a communication to clarify the types of measures which it considers will be compatible with state aid rules. The communication focuses on guarantee schemes, recapitalisation schemes and complementary forms of liquidity support.
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