The Court of Justice of the European Union (CJEU) ruled that the European Commission (Commission) did not establish that Luxembourg granted State aid to a financing company forming part of a multinational group.According to the CJEU, the Commission and the General Court had erred in law when determining that the financing company had received State aid considering an arm’s-length principle that was not part of Luxembourg law.Executive summaryOn 8 November 2022, the CJEU issued its judgment on the Luxembourg State aid case concerning a financing company which formed part of a multinational enterprise (MNE) group. The CJEU set aside the...