The new EU Foreign Subsidies Regulation
On 12 July 2023, the majority of the new EU Foreign Subsidies Regulation (FSR) will start to apply. The FSR constitutes a new investigatory review tool for the European Commission. It will focus on economic behaviour on the internal market by companies who received foreign subsidies from non-EU States. It will step next to the established competition, merger control, state aid, FDI and trade rules of the EU. The FSR will have a huge impact and has the possibility to seriously limit the business of third state funded companies in the EU.
How to prepare for the EU Foreign Subsidies Regulation
Businesses and transaction lawyers should start to familiarize themselves with this new Foreign Subsidies Regulation, which will impact their ongoing business in the EU. This White Paper from Kluwer Competition Law gives an overview of the new systems and prepares readers for the necessary steps to be taken to get ready for investigations under the new system. Furthermore, experts of the field Lena Hornkohl, Jay Modrall, Rebecca Halbach, Emmanuelle Rogiest, Hanno Wollmann, Volker Weiss, Johannes Stalzer, Pablo Figueroa, Julia Martínez Böhme, Cormac O’Daly, Georgia Tzifa, Édouard Bruc, Alexandr Svetlicinii, Daniela Weerasinghe and Phil Baumann shed light on specific topics and their expectations.