The EU Commission publishes the Foreign Subsidies Regulation in the official journal, requiring pre-notification of large M&A transactions and public bids involving companies that receive subsidies from governments outside the European Union from October 2023

The foreign subsidies regulation ("FSR") requires prenotification of certain large M&A transactions and public bids involving companies that receive subsidies from governments outside the European Union ("EU"). The European Commission ("EC") has published the FSR in the Official Journal of the EU, meaning it will take effect on January 12, 2023, and notifications will become mandatory as of October 12,