Wednesday, June 3, 2015

Court Suspends TAP Sale

The Supreme Administrative Court of Portugal issued an injunction earlier today against the government's plan to sell national carrier TAP on the grounds that the government had failed to follow proper procedure under Portuguese law by neglecting to have the airline's finances independently evaluated. The government reportedly hopes to seek relief from the ruling and move forward with this plan accept bids this Friday.

https://lawprofessors.typepad.com/aviation/2015/06/court-suspends-tap-sale.html

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