The UK Parliament announces a new Subsidy Control Act

From 4 January 2023, certain UK subsidies must be notified to the Competition and Market Authority's Subsidy Advice Unit, and subsidy decisions by UK public authorities can be appealed to the UK's Competition Appeal Tribunal. On 20 October 2022, the UK Government announced (related article) that the Subsidy Control Act 2022 (SCA) will come into force on 4 January 2023. At present, most subsidies granted by UK public authorities in the UK are governed by the Trade and Cooperation Agreement between the UK and the EU. Background Under the SCA, the UK has established what it hopes will be a more streamlined approach to the granting of subsidies by UK public

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Authors

  • Clifford Chance (London)
  • Clifford Chance (London)

Quotation

Nissim Massarano, Dani Rabinowitz, The UK Parliament announces a new Subsidy Control Act, 20 October 2022, e-Competitions October 2022, Art. N° 109331

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