On 9 January 2026, the Commission adopted its Guidelines on the application of certain provisions of the Foreign Subsidies Regulation (FSR). This publication follows the publication of the Draft…
The Commission moved its ex officio investigation into the Chinese manufacturer of security equipment Nuctech to the in-depth phase. Nuctech had tried to stop the inspection by the Commission by…
The EU Foreign Subsidies Regulation (FSR) has now been in force for over two years, and its implementation has proven to be quite challenging. As the dust settles, the question remains: is the FSR…
The central purpose of the EU’s Foreign Subsidies Regulation (FSR) is clear: to tackle distortions in the internal market caused by subsidies granted by non-EU states. But what if these subsidy…
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…
