The EU Commission issues its State aid guidance on national recovery and resilience plans and makes it clear that all investment projects must comply with State aid rules

In Short The Situation: The European Commission has launched its largest ever stimulus package to support recovery of EU economies from the COVID-19 pandemic's unprecedented economic and social disruption. Each EU Member State must submit a recovery plan and funding requests for Commission review. The Commission has made clear that all investment projects must comply with EU State aid rules to qualify for public funding. The Result: Member States have until April 30 to submit national recovery plans to the Commission, which, in turn, has committed to complete its State aid review within six weeks. Looking Ahead: Given the EU's warning on State aid, Member States are likely to evaluate and select only those projects that are compatible with those rules. Businesses that have submitted