FSR

The European Commission’s (the Commission) latest decisions under the Foreign Subsidies Regulation (FSR) offer important insights into how the regime applies to Chinese companies. On 3 November 2026,…

The European Commission (“Commission”) has published the full text of its Lisbon Metro decision. The Lisbon Metro decision is the first in-depth and commitment decision under the Foreign Subsidies…

Foreign state-owned enterprises winning European public tenders with subsidies — undercutting fair competitors? This is precisely what the EU seeks to prevent. Regulation (EU) 2022/2560 on foreign…

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…