State Aid in Infrastructure

Our role in state aid proceedings, several of which were initiated by the European Commission, has been to conduct detailed empirical analysis, develop economic and financial models, and apply the Market Economy Investor Principle (MEIP) test to determine if the affected products and services were supplied at a level below market prices, resulting in below-market rates of return for the investors.

Our expertise in market analyses, regulatory and consulting advice, and expert testimony as part of market reviews, competitive effects analysis, antitrust investigations, and mergers and joint ventures plays a significant role in the evaluation of state aid cases.