Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington Secures State Aid Victory for the Belgian State in Nuclear Guarantee Scheme

July 14, 2017

BRUSSELS—Covington successfully represented the Belgian State in a state aid investigation, raising a series of previously unexplored issues. The European Commission final decision adopted a novel approach to the Market Economy Investor principle, to the establishment of the relevant market benchmark, and to calculating the comparable market price in such a manner as not to grant any advantage to the economic operators. The Commission accepted the arguments brought forward and concluded that the Belgian Nuclear Guarantee Scheme did not entail state aid. 

The Belgian Nuclear Guarantee Scheme was set up by the Belgian State for nuclear operators that do not find sufficient civil liability coverage on private insurance markets in response to the Paris Convention, which will impose significantly increased civil liability for nuclear operators in case of an incident. The new Belgian legislative package will improve compensation for potential victims without granting any advantage to operators.

The Covington team was led by the co-chair of the firm’s global Antitrust practice Johan Ysewyn and included senior advisor Sophie Bertin.


Share this article: