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European Commission Foreign Subsidiaries United Kingdom

White & Case LLP

The EC sheds light on the key concept of distortion under the EU Foreign Subsidies Regulation

White & Case LLP on

The European Commission (EC) has issued preliminary clarifications concerning the distortion test under the new Foreign Subsidies Regulation (FSR). These preliminary clarifications come only a year after the FSR came into...more

Paul Hastings LLP

Dealmakers Beware of a New Regulatory Hurdle: the European Foreign Subsidies Regulation is Here

Paul Hastings LLP on

Companies looking at M&A deals with an EU exposure, or preparing to respond to an EU public tender, will face a new regulatory constraint as the European Commission has enacted its long awaited (and criticised) Foreign...more

Skadden, Arps, Slate, Meagher & Flom LLP

Level Playing Field Obligations: Insurance Policy or Tinderbox for Future Trade Disputes?

Takeaways - - The TCA requires parties to maintain standards in nontrade-related policy areas, particularly social, labour and environmental. - The provisions potentially may disrupt EU-UK trade disputes. - It...more

Proskauer Rose LLP

UK Tax Round Up - May 2018

Proskauer Rose LLP on

General UK Tax Developments - Enterprise management incentive (EMI) options State Aid approval - We referred in the April UK Tax Round Up to the expiry of the EU's State Aid approval for EMI options. Fortunately, this...more

Jones Day

State Aid in Disguise?—EC Investigates UK Tax Regime

Jones Day on

The Background: The European Commission has opened an in-depth investigation into a specific provision of the UK-controlled foreign company rules. The Issue: The Commission will investigate whether the UK's so-called Group...more

Skadden, Arps, Slate, Meagher & Flom LLP

European Commission Opens State Aid Investigation Into Finance Company Exemption From UK CFC Rules

On 26 October 2017, the European Commission (the Commission) opened an in-depth investigation into UK statutory rules that exempt certain financing income earned by foreign subsidiaries of UK corporate taxpayers from UK tax....more

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