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EU Court of Justice Overturns General Court Decision that Confirmed State Aid Decision Against Fiat in Luxembourg

10 November 2022

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Approved Changes

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European Union-Luxembourg-Ireland

On 8 November 2022, the Court of Justice of the European Union (CJEU) issued a press release announcing its judgment that the General Court was wrong in its 24 September 2019 judgment to uphold the European Commission's 2015 decision that Luxembourg granted illegal State aid to Fiat Chrysler. In that decision, the European Commission found that a tax ruling provided by Luxembourg to Fiat Chrysler Finance Europe (FFT) in 2012 had resulted in declared taxable profits that were lower than what market conditions would dictate for its financing activities. After the Commission's decision was upheld by the General Court, two...