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Sub practice
Sub practice

State Aid

The law governing the aid that governments in the 27 EU Member States provide to the private sector is an increasingly important specialist area within EU competition law. Few can match our breadth and depth of experience. In fact, we helped to set the legal framework for state aid in the EU.

The recent spate of bank mergers and rescues has highlighted the importance of this area of law and has raised challenging issues around the interaction of state aid, merger control and government action to protect financial stability. Our international antitrust team has been at the heart of these issues.

Our understanding of the Commission's position in this area is reflected in our selection to update the Directorate General for Competition's report on the Application of the EC state aid law by the Member State courts, having drafted the original report in 1999.

We advise clients throughout the complaint or approval process, and where required provide representation before the national and European courts.

We have wide experience of acting for governments and other public sector bodies, as well for aid beneficiaries and lenders on a variety of complex financial transactions giving rise to state aid issues.

News and insights

A large road intersection surrounded by green shrubs

News: 02 February 2023

Allen & Overy advises UniCredit and ICBC on a EUR104 million green financing granted to Fondo “Iron”

Allen & Overy has advised UniCredit and ICBC on the drafting, negotiation and signing of a EUR104 million green financing granted to Fondo “Iron”, a fund managed by Prelios SGR and fully subscribed by…

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abstract image data transfer concept

News: 31 January 2023

Allen & Overy advises Standard Chartered in a multibank partnership with DekaBank, LBBW and Comyno building the blockchain platform SWIAT

Allen & Overy advised international bank Standard Chartered on entering into a joint venture with big German banks to fund the blockchain platform SWIAT.

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close up of a puddle with ripples

Publications: 05 October 2021

The impact of the Green Deal on EU Competition law: How Sustainability Aspects are shaping the Rules and what it means for Businesses.

In December 2019, the European Commission (the Commission) presented its European Green Deal, a set of policy initiatives aimed at making Europe climate-neutral by 2050. Margrethe Vestager (the…

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Stack of paper

Publications: 27 May 2021

Antitrust partner Yvo de Vries edits major EU State aid handbook

Antitrust partner Yvo de Vries has co-edited, with Leigh Hancher and Francesco Maria Salerno, the sixth edition of EU State Aids, a leading practitioner guide widely recognised as a key resource for…

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Recognition