Infringements (Free movement of Capital)

Procedure

Article 258 TFEU provides that “if the Commission considers that a Member State has failed to fulfil an obligation under the Treaty, it shall deliver a reasoned opinion on the matter after giving the State concerned the opportunity to submit its observations. If the State concerned does not comply with the opinion within the period laid down by the Commission, the latter may bring the matter before the Court of Justice of the European Union”. Enforcement of Court decisions is governed by Article 260 TFEU.

2013

21.03.2013: Commission requests Bulgaria to respect EU rules (MEMO/13/261)

2012

26.04.2012: Commission requests Greece to comply with EU rules on free movement of capital and the right of establishment (IP/12/420)

2011

24.11.2011: Commission refers Germany back to Court for failure to comply with the Volkswagen law judgement (IP/11/1444)
24.11.2011: Commission refers Italy to the Court of Justice on investment restrictions in privatised companies (IP/11/1443)
24.11.2011: Commission refers Cyprus to the Court of Justice to ensure unrestricted access to buy a second home in Cyprus (IP/11/1442)
06.04.2011: Commission acts to ensure unrestricted access to buy a second home in Cyprus (IP/11/416)
14.03.2011: Commission seeks Portugal’s compliance with Court ruling on special powers in Energías de Portugal (IP/11/288)
16.02.2011: Commission requests Italy to modify privatisation law over investment restrictions (IP/11/175)
16.02.2011: Commission refers Greece to Court over investment restrictions (IP/11/179)

2010

20.12.2010: Commission grants Hungary extension of transitional period for the acquisition of agricultural land (IP/10/1750)
24.11.2010: Commission seeks Portugal’s compliance with Court ruling on special powers in Portugal Telecom (IP/10/1560)
05.05.2010: Commission acts to put an end to special rights of the Greek state in the Public Power Corporation (IP/10/503)
18.03.2010: Commission acts to remove restrictions on investment in agricultural real estate in Austria (IP/10/301)
28.01.2010: Commission requests Slovakia to remove investment restrictions on statutory pension funds (IP/10/80)