Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/06/439 (4.4.06) |
Publication Date | 04/04/2006 |
Content Type | News |
The European Commission on 4 April 2006 decided to ask Italy formally to modify its legislation in order to comply with the Court of Justice ruling of 2 June 2005 on the law on investment in energy companies. The Court found that the automatic suspension of voting rights for shareholdings in excess of 2% in Italian electricity and gas companies, where such holdings are acquired by public companies not quoted on the stock exchange and holding a dominant position in their own domestic markets, was in breach of the EC Treaty rules on the free movement of capital (Article 56). |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/439&format=HTML&aged=0&language=EN&guiLanguage=en |
Countries / Regions | Italy |
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