ECJ SAYS GAS PIPELINE CONCESSION TRANSITIONAL PERIODS CAN BE EXTENDED OR SHORTENED
August 1st, 2008
BY KEITH NUTHALL.
PUBLIC authorities within European Union (EU) member states can extend or decrease the duration of transitional cooling off periods ahead of the operation of concessions for distributing natural gas, without breaking EU laws, the European Court of Justice (ECJ) has ruled.
In an Italian case laying down an EU-wide precedent, judges stressed that these transitional periods could be extended prior to the "early cessation" of a concession, if that allowed parties "to untie their contractual relations on acceptable terms" that ...
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