June 28, 2016
The far-reaching consequences of State aid violations can impact any company with operations in Europe. In a Latham Viewpoints video, Century City partner Joseph Calabrese, Chair of Latham’s Entertainment, Sports & Media Practice, discusses the complex world of EU State aid with Brussels counsel and veteran of the European Commission, Elisabetta Righini. Righini discusses the “very European law concept” of State aid, which is a very broad concept covering “tax breaks, capital injections or the granting of exclusive rights to a company by a public authority,” among other areas.
“Multinationals are discovering just how powerful State aid control is in Europe with the European Commission beefing up its investigations into aggressive tax planning,” said Righini.
The video covers a range of topics including key developments and current challenges in EU State aid as well as the consequences of increasingly “all-encompassing” investigations by the European Commission into all sectors, in particular tax planning, financial services, energy and infrastructure industries, such as transport, telecoms. Calabrese and Righini also discuss State aid in the context of the motion picture industry which is one of the largest subsidized sectors in Europe.
Latham Viewpoints is a video series spotlighting hot topics in the practice and business of law.