Court of Appeal to hear subsidy control case over £140m in loans made by combined authority to developers
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The Court of Appeal will today (9 June) begin hearing a claimant’s appeal over the Competition Appeal Tribunal’s rejection of its challenge against Greater Manchester Combined Authority (GMCA) over £140m in loans given to rival developers.
Aubrey Weis had challenged the £140 million in loans granted by the GMCA to Renaker Group, alleging they were unlawful subsidies not made on commercial terms.
The Tribunal found the combined authority had followed a thorough, rational approval process and that the loans reflected market terms, conferring no undue economic advantage.
It rejected claims of procedural unfairness and breach of candour, and dismissed the appeal.
The appeal will be heard on 9-10 June by Lord Justice Nugee, Lord Justice Zacaroli and Lord Justice Miles.
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