New COVID-19-Related State Recapitalization in the EU

June 23, 2020



Cleary Gottlieb partners François-Charles Laprévote, Mike Preston, Giuseppe Scassellati-Sforzolini, and Marie-Laurence Tibi discussed the European Commission’s May 8 communication aimed at relaxing State aid rules for COVID-19-related equity injections by States into non-financial companies. Its implementation raises important questions under capital markets, M&A, corporate, and State aid law.