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    New shipyard legislation in Poland to comply with EU state aid rules
    2009-04-01

    In November 2008, the European Commission (EC) found state aid granted by the Polish government to two Polish state-controlled shipyards (Stocznia Szczecinska Nowa and Stocznia Gdynia), illegal under EU single market rules and requested its return to the government with accrued interest. The EC decided however to postpone the enforcement of the return of state aid for seven months until 6 June 2009 to allow for the prior public sale of the shipyards’ assets at market price.

    Filed under:
    European Union, Poland, Insolvency & Restructuring, Shipping & Transport, Trade & Customs, Norton Rose Fulbright, Bankruptcy, Internal market, Liquidation, Subsidy, State aid, European Commission
    Authors:
    Grzegorz Dyczkowski
    Location:
    European Union, Poland
    Firm:
    Norton Rose Fulbright

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