Court of Justice 18 May 2004, C-8/03 (Banque Bruxelles Lambert SA (BBL) v Belgian State.)

Opinion of the Advocate-General Opinion of the Advocate-General 1. The Court of Justice is for the first time requested to give a preliminary ruling concerning the application of the common system of value added tax to undertakings for collective investment in transferable securities. Those undertakings have recently been the subject of Community legislation.