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Morgan Lewis

EU Launches First In-Depth M&A Investigation Under Foreign Subsidies Regulation

Morgan Lewis on

The European Commission is inquiring into a United Arab Emirates-based company just months after its first investigations under the Foreign Subsidies Regulation of various Chinese companies participating in EU tenders....more

Morgan Lewis

EU Launches Two More In-Depth Investigations Under Foreign Subsidies Regulation

Morgan Lewis on

Just months after its first investigation under the Foreign Subsidies Regulation of Chinese train maker CRRC Corp. (see our LawFlash here), the European Commission has targeted two more companies participating in an EU...more

Goldberg Segalla

European Union Moves to Create Subsidy Regime to Counteract U.S. Clean-Tech Policies

Goldberg Segalla on

The European Union plans to push back against the clean-tech tax breaks provided in the Inflation Reduction Act (IRA) by easing subsidy rules and creating a new source of money to help member states compete with the United...more

Jones Day

EU Foreign Subsidies Regulation Filings Mandatory Starting in October 2023

Jones Day on

The foreign subsidies regulation ("FSR") requires prenotification of certain large M&A transactions and public bids involving companies that receive subsidies from governments outside the European Union ("EU")....more

White & Case LLP

The EU adopts the long-awaited Foreign Subsidies Regulation

White & Case LLP on

On 28 November 2022, the EU adopted the Foreign Subsidies Regulation, giving the European Commission powers to intervene to tackle foreign subsidies distorting competition in the EU internal market. The FSR, due to apply by...more

Jones Day

EU Readies New Regulation of Foreign Subsidies That "Distort the EU Market"

Jones Day on

Overview of the FSR - The Treaty on the Functioning of the European Union ("TFEU") prohibits any form of public financial support selectively granted to businesses that distorts competition, absent an exception. The EU's...more

White & Case LLP

The European Commission adopts far-reaching proposals to control foreign subsidies

White & Case LLP on

On 5 May 2021, the European Commission ("Commission") issued a proposal for a far-reaching Regulation to tackle foreign subsidies, which, if adopted, will increase the regulatory risk for companies operating or investing in...more

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