Court of Justice 11 June 1998, C-31/97 and C-32/97 (Fuerzas Eléctricas de Catalunya SA (FECSA) (C-31/97) and Autopistas Concesionaria Española SA (C-32/97) v Departament d'Economía y Finances de la Generalitat de Catalunya.)

Opinion of the Advocate-General Opinion of the Advocate-General 1 Two Spanish taxpayers have invoked Council Directive 69/335/EEC of 17 July 1969 concerning indirect taxes on the raising of capital (hereinafter `the Directive') (1) to challenge the imposition of an ad valorem duty on the issue of the document recording the repayment of a loan. The issue is a simple one of interpretation.