The EU Foreign Subsidies Regulation (FSR, Regulation (EU) 2022/2560) is a tool adopted to address distortions in the EU internal market caused by subsidies from non-EU governments. It entered into…
Since the European Union’s Foreign Subsidies Regulation (FSR) entered into force in 2023, the European Commission (the Commission) has only opened two in-depth ex officio investigations, both…
The provisional public version of the Commission’s decision in ADNOC/Covestro adds another building block to the FSR playbook. The Decision shows how much weight the list of the “most likely…
Under the European Union’s (EU’s) Foreign Subsidies Regulation (FSR), the European Commission (the Commission) can block a merger if it finds that foreign (meaning non-EU) subsidies “distort the [EU]…
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…
Does the European Commission’s (Commission’s) second conditional approval under the Foreign Subsidies Regulation (FSR) signal a new approach to sustainability issues in EU merger cases? On November…
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…
