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On May 5, 2021, the European Commission (“EC”) proposed a new draft regulation that, if adopted, would introduce sweeping measures aimed at controlling the impact of foreign subsidies on the EU single market (“Proposed Regulation”). The Proposed Regulation reflects the EU’s policy priority to (...)
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On January 28, the Commission extended and expanded for the fifth time the scope of the State aid Temporary Framework to support the economy in the context of the COVID-19 outbreak (the “TF”). Based on the January 28 amendment (the “Amendment”), all TF provisions, including recapitalization (...)
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