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…
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…
Just two years into the implementation of the EU Foreign Subsidies Regulation (FSR), financial institutions are already experiencing its significant impact. The Regulation’s broad scope, extensive…
