From legal tool to political shortcut?The EU Foreign Subsidies Regulation (FSR) was initially designed as a legal tool to ensure that foreign state support does not distort competition in the EU…
As we approach the second anniversary of the EU Foreign Subsidies Regulation (FSR), we take stock of the latest statistics and offer practical insights for private equity (PE) sponsors. Drawing on…
On 24 September 2024, the European Commission (EC) issued the long-awaited first decision (under phase II of the concentration tool) of the new Foreign Subsidies Regulation (FSR). It took another…
On 15 January 2025, the European Commission (Commission) adopted a recommendation inviting Member States to review investments made by domestic companies into third countries (so-called “outbound…
With the introduction of the Foreign Subsidies Regulation (FSR), the European Union (EU) embarked on a new regulatory era. This landmark regulation aims at addressing the distortive effects of…
Adopted in November 2022, the Foreign Subsidies Regulation (FSR) is the latest arrival in the EU competition toolbox. Having just celebrated its second anniversary and with a few cases under its belt…
Introduction
Since October 2023, the European Commission has been aggressively enforcing a revolutionary new European Union (EU) law, the Foreign Subsidies Regulation (FSR). The FSR is designed to…
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in…
It was only a matter of time before the European Commission ("EC") launched its first ever in-depth investigation of an M&A transaction under the Foreign Subsidies Regulation ("FSR"). On 10 June 2024…
