On 18 July 2025, the European Commission launched a public consultation on its draft guidelines on the implementation of the Foreign Subsidies Regulation (Draft Guidelines). The Draft Guidelines are…
The European Union’s (EU’s) Foreign Subsidies Regulation (FSR) aims to prevent “foreign” (meaning non-EU) subsidies from distorting competition in the EU. The FSR imposed new notification…
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…
Two years into the implementation of the EU Foreign Subsidies Regulation (FSR), the number of FSR filings under its public procurement tool exceeds 2,000, with scrutiny now by a recently established…
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…
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…
