European Court of Justice rules French anti abuse rule regarding exemption from DWT violates the freedom of establisment

On 7 September, 2017, the ECJ rendered its decision in the “Eqiom case” or “Holcim case”. In this case, not only did the Court rule that France’s anti-abuse clause that limits the benefits of the EU Parent-Subsidiary Directive (“EU PSD”) is a violation of the freedom of establishment, it also stated a number of interesting considerations.