EU Court Dismisses Nuctech's Case, Confirms Legality of Subsidy Raids

Aug 14, 2024, 09:16 AM

The European Union court has dismissed Nuctech's case against the European Commission concerning the foreign subsidies regulation. This ruling confirms the legality of EU subsidy raids on the Chinese company Nuctech, which had denied receiving Chinese state subsidies amid the EU probe. The decision marks a significant development for Chinese businesses operating in Europe, as it upholds the EU's stance on foreign subsidies.