The notification obligations set out in the EU Foreign Subsidies Regulation (FSR) became applicable about a year ago. High value M&A transactions and government calls for tender now need to be notified to the European Commission before they can be finalized. What lessons can be learned from the application of the FSR to date? Has
A New European Commission Proposal on Foreign Direct Investment Screening: Towards Greater Harmonization?
As part of a recent package of initiatives aimed at strengthening the EU’s economic security, the European Commission has put forward a proposal to revise the EU Foreign Direct Investment (FDI) Screening Regulation. This proposal reflects the Commission’s experience with the existing FDI Regulation over the past three years, and it seeks to bring Member
How to Meet the New Notification Obligations Under the EU Foreign Subsidies Regulation
- Key takeaway #1 As of October 12, 2023, companies active in the EU have to notify foreign financial contributions (FFCs) received from third countries to the Commission, when they engage in large M&A transactions or participate in high-value public procurements. Pending the Commission’s review of such notifications, a standstill obligation
European Commission Seeks Stakeholders’ Views on Draft Foreign Subsidies Implementing Regulation
Last year, the European Union legislature adopted the far-reaching Foreign Subsidies Regulation aiming to tackle the distortive effects on EU markets of financial support by non-EU countries to undertakings active in the EU. On 6 February 2023, the European Commission launched the much-anticipated public consultation on a draft Implementing Regulation, including two annexes containing notification