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EC Statement - Free movement of capital: Commission refers Spain to the Court of Justice for restrictions on investment in energy companies

( April 4, 2006, 15:21 GMT | Official Statement) -- The European Commission has decided to refer Spain to the European Court of Justice with respect to certain provisions of Spanish legislation that limit the voting rights of investments by state companies in the energy sector. The Commission considers that these provisions constitute unjustified restrictions on the free movement of capital in violation of EC Treaty rules (Articles 56)...

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