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EU Court Upholds State Aid Decision Against Italian Shipping Firm

Jan. 25, 2023, 2:10 PM

The European Court of Justice on Wednesday upheld a European Commission state aid decision against Italy’s Societa Navigazione Siciliana SCpA in a case involving stamp duty.

According to the court, the Commission was correct to conclude in 2021 that the Sicilian shipping company received unlawful state aid when it was allowed to pay a reduced stamp duty in the acquisition of maritime company Siremar—a state-owned maritime company.

Società Navigazione Siciliana appealed the Commission’s decision to the European Court of Justice in October 2021, seeking annulment.

According to the company, it was Siremar that benefited from the approximately ...