In a letter to European Commission President Jean-Claude Juncker dated 11 February 2016, U.S. Treasury Secretary Jacob Lew addresses concerns with recent EU State aid investigations that appear to be targeting U.S. multinationals. In the letter, Treasury Secretary Lew sets out four principal concerns as follows:
---
First, European Commission (EC) Directorate-General for Competition (DG COMP) has sought to impose penalties retroactively based on a new and expansive interpretation of state a…