By Mike Gordon ( March 10, 2006, 10:19 GMT | Insight) -- The Court of First Instance on Thursday heard arguments in Spanish energy company Endesa SA’s effort to force the European Commission to review the competition effects of a hostile takeover. The six-hour hearing featured a lengthy series of technical questions into regulatory and accounting matters from president of chamber Marc Jaeger, leading a panel of three judges. Endesa is asking the CFI to overturn a European Commission decision that gave Spanish authorities jurisdiction over the competition aspects Gaz Natural SDG’s takeover bid.Luxembourg – The Court of First Instance on Thursday heard arguments in Spanish energy company Endesa SA’s effort to force the European Commission to review the competition effects of a hostile takeover. The six-hour hearing featured a lengthy series of technical questions into regulatory and accounting matters from president of chamber Marc Jaeger, leading a panel of three judges. Endesa is asking the CFI to overturn a European Commission decision that gave Spanish authorities jurisdiction over the competition aspects Gaz Natural SDG’s takeover bid....
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