Our Sponsors

VIPCoFCCGBroadridgeLink Market Services GmbHAHEADhermesDP DHLK+SSAPGeorgesonSuedzuckerWacker Chemie AGThomson ReutersEQS Group

Search

VIPsight

Corporate Governance – portrayed in the individual cultural and legal framework, from the standpoint of equity capital.

VIPsight is a dynamic photo archive, sorted by nations and dates, by and for those interested in CG from all over the world.

VIPsight offers, every month:
transparent and independent current information / comments / facts and figures on corporate governance locally and internationally,

  • written by local CG experts,
  • selected and structured by the Club of Florence,
  • financed by its initiator VIP and other sponsors with a background of “Equity and Advisory” interests.
     

VIPsight International


Article Index

 

 

ACTIONS CORNER


After an EU ruling, Salzgitter must now pay back millions of state aid. The Luxembourg EU court on 22 January dismissed the steel and technology company’s action against a European Commission decision. The judgment can be appealed, according to a court spokesman. Predecessors and subsidiaries of the steel company had received aid in the eighties and nineties, based on aid to border regions. The judges did not mention an amount, but earlier indications are in the double-digit millions.


A steel cartel around ThyssenKrupp is said to have cheated municipal transport companies throughout Germany in more than 100 cases. The cartel is suspected of having in the last three decades, along with other suppliers, secretly agreed prices for tracks and switches, so relieving Deutsche Bahn and many municipal transport companies of a lot of money. The state-owned company had filed a lawsuit against ThyssenKrupp and other rail manufacturers for illegal price fixing at the end of 2012, and is claiming damages in the millions.