LUXEMBOURG – ECJ CASE
July 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Commission has formally threatened Luxemburg with legal action at the European Court of Justice (ECJ), over its compulsory system setting maximum excesses in third party motor insurance. Brussels wants this liberalised, claiming the Grand Duchy's law breaks freedoms to market insurance products guaranteed by the European Union's (EU) third non-life insurance directive. The Commission said the system restricted free competition between insurance companies and limited policy product choice. Luxembourg now has two months in which to say ...
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