The EU Commission proposes a far-reaching regulation to tackle foreign subsidies

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”). [1] The Proposed Regulation reflects the EU’s policy priority to pursue an “open strategic autonomy” and fits into the EU Industrial Strategy, updated on the same date. [2] The Proposed Regulation follows the June 2020 White Paper on foreign subsidies and a public consultation process. It (i) introduces a merger control regime for vetting transactions affected by foreign subsidies; (ii) grants the EC broad powers to investigate and impose remedies concerning foreign subsidies that distort competition in the EU; and (iii) allows the EC to suspend or block public

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Cleary Gottlieb Steen & Hamilton (Brussels)
  • Cleary Gottlieb Steen & Hamilton (Brussels)
  • Cleary Gottlieb Steen & Hamilton (Brussels)
  • Cleary Gottlieb Steen & Hamilton (Brussels)
  • Cleary Gottlieb Steen & Hamilton (Milano)

Quotation

Andris Rimsa, François-Charles Laprévote, Giuliana D'Andrea, Mario Siragusa, Comino Alessandro, The EU Commission proposes a far-reaching regulation to tackle foreign subsidies, 5 May 2021, e-Competitions May 2021, Art. N° 101054

Visites 156

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues