The European Commission has announced its decision to refer the UK to the Court of Justice of the European Union for failing to fully recover illegal State aid granted as a tax exemption for passive interest and royalties in Gibraltar, which predates the UK's withdrawal from the EU. Although the UK is no longer an EU Member State, it is still required to fully recover the illegal aid granted since the obligation derives from a Commission decision adopted when the UK was part of the EU. Further, the possibility to refer the UK to the Court is still available in...