CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Regulation (EU) 2022/2560 on Foreign Subsidies (the "FSR") aims to address distortions caused by foreign subsidies in the single market. In this part of our FSR Insight Series, we explain the fundamental notion of what constitutes a "foreign subsidy" within the meaning of the FSR. You will find a basic definition in Article 3 FSR, with some further considerations in recitals 11 to 16 of the Regulation.
Former ELIG Gurkaynak Senior Associate Cigdem Gizem Okkaoglu has joined Gunay Erdogan Attorneys at Law as a Partner in Ankara.
2022 brought many changes in competition law in Hungary and, as far as we can see, 2023 will not be any different. Here is a short summary of what was on the table in 2022 and what the consequences are.
Lauras Butkevicius has joined Ellex’s Lithuanian office as a Partner.
Former IBM Associate Partner Marcela Kanova has returned to private practice by joining Rowan Legal as a Partner in Prague.
On 16 March 2023, the Court of Justice of the European Union (“ECJ”) published its judgment on Towercast’s appeal against the French Competition Authority’s decision in Towercast’s case (Case No. C-449/21), confirming that abuse of dominance rules may equally apply ex post to transactions in which national and EU merger control thresholds were not met.
Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market (the "FSR") will become applicable this year on 12 July and 12 October (for M&A notifications) respectively.
