On 2 February 2023, the Court of Justice of the European Union (CJEU) issued a judgment annulling, in part, a European Commission decision that the Spanish tax system applicable to certain finance lease agreements entered into by shipyards, the 'Spanish Tax Lease System' (STL), constitutes an unlawful State aid scheme. The STL system allowed shipping companies to benefit from a 20-30% price reduction when purchasing ships constructed in Spanish Shipyards. This was achieved through the use of…