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Image header Agence Europe
Europe Daily Bulletin No. 8745
Contents Publication in full By article 32 / 44
GENERAL NEWS / (eu) eu/internal market

Commission closes case against Portugal over golden shares in privatisation law

Brussels, 09/07/2004 (Agence Europe) - The European Commission has decided to close infringement procedures against Portugal for its failure to comply with a Court of Justice ruling of 4 June 2002. The ruling had found the procedure for authorising foreign investment in privatised companies to be incompatible with the provisions of the EC Treaty on the free movement of capital. In February 2004, Portugal repealed the 1993 Decree Law restricting the movement of capital by prohibiting the...

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