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]…
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…
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…
1. Overview
On 17 June 2020, the European Commission (“EC”) issued a White Paper consulting on “Levelling the Playing Field as regards Foreign Subsidies”. These are major new proposals to protect EU…
