- Competition Law / International Trade
EU Foreign Subsidies Regulation: Analysis and Responses from a Public Affairs Perspective
The twelfth of October 2023 marked commencement of the EU Foreign Subsidies Regulation （FSR） notification requirements. As explained in our previous Newsletters, the FSR introduced regulations on concentrations and government procurement that seek to ensure subsidies granted by foreign countries （hereinafter referred to as "non-EU countries"） do not distort competition when recipient companies conduct business in the EU. If a company that intends to engage in a covered transaction of a certain size or larger has received a “financial contribution” of a certain amount or more from a non-EU country, the company is required to notify the European Commission, who then must approve the transaction before it can be implemented. The European Commission investigates whether foreign...To read the full article, please see the PDF file
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Competition Law / International Trade Newsletter
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