Portugal has formally challenged the European Commission decision issued in December 2020 finding that Portugal's Madeira Free Zone scheme constituted illegal State aid. As a result of the decision, Portugal was required to recover aid granted under the Madeira Free Zone scheme to companies that have not met conditions as per prior Commission decisions. The conditions include that the tax reductions under the scheme may only benefit companies that create jobs in Madeira and that the tax reductions may only apply to activities effectively and materially performed in Madeira. Portugal's challenge of the decision was brought through an appeal action...