SPAIN & ITALY

BY ALAN OSBORN
THE EUROPEAN Commission has taken the first step towards legal action against Spain and Italy over legislation in those countries to control the voting rights of investments by foreign state companies in the energy sector. Brussels says the laws "may unduly restrict free movement of capital as enshrined in European Union (EU) treaty rules."

The key to this development is the predatory behaviour of the state-owned French electricity supply company EDF, which has been openly seeking purchases in other EU countries. The laws enacted in ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.