European State Aid Law (ESAL)

European State Aid Law (ESAL) regulates how governments in EU member states can support certain businesses with financial aid, ensuring such assistance doesn't distort fair competition within the EU single market. It requires that aid is approved by the European Commission, unless it meets specific exceptions, to prevent favoritism or unfair advantages. The law aims to promote economic growth, innovation, and fairness by balancing public support with market integrity, ensuring that aid benefits the economy without unfairly disadvantaging other companies or disrupting competition across member countries.