The EU Commission proposes regulation that introduces more scrutiny for companies receiving foreign subsidies

Companies that benefit from non-EU state support or subsidies will soon face heightened scrutiny in the European Union (EU) as the European Commission unveiled on May 5 its proposed Regulation on foreign subsidies distorting the internal market. As its name suggests, the proposed Regulation will create a new tool to address what the European Commission sees as a “regulatory gap” in avoiding potential distortions caused by companies receiving non-EU subsidies and ensuring a “level playing field” in the EU. Perhaps emblematic of its perceived importance at a time where calls from Member States to tackle potential distortive foreign investment have multiplied, it took the European Commission less than a year from the publication of the White Paper on levelling the playing field with respect

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Authors

  • Covington & Burling (Brussels)
  • Covington & Burling (Seoul)
  • Covington & Burling (Brussels)
  • Covington & Burling (Brussels)
  • Covington & Burling (Frankfurt)
  • Covington & Burling (London)
  • Covington & Burling (Brussels)

Quotation

Peter D. Camesasca, Laurie-Anne Grelier, Sophie Bertin, Johan Ysewyn, Horst Henschen, Katherine Kingsbury, Sebastian Vos, The EU Commission proposes regulation that introduces more scrutiny for companies receiving foreign subsidies, 5 May 2021, e-Competitions June 2021 - II, Art. N° 101069

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