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Europe Daily Bulletin No. 10571

10 March 2012
ECONOMY - FINANCE - BUSINESS / (ae) italy
Italy introduces golden share rule

Brussels, 09/03/2012 (Agence Europe) - In order to avoid a fine from the European Court of Justice, to which the European Commission referred Italy in November 2011 (see EUROPE 10502), the Italian government introduced a new golden share law on Friday 9 March to alter legislation in force since the 1990s. The golden share law was challenged by the Commission in 2009. It gives the Italian state a golden share whereby it can intervene and veto decisions in various strategic, formerly public,...

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