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The Foreign Subsidies Regulation Insight Series

The Foreign Subsidies Regulation Insight Series

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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.

It is a major step by the EU in tackling distortions of the internal market caused by various forms of subsidies from non-EU countries. It will clearly impact large deals and public tenders, but may also reach other market situations (e.g. mergers and acquisitions not hitting notification thresholds).

We already explored the main parameters of the FSR in our Legal Insight in November 2022. However, such a ground-breaking and far-reaching piece of EU legislation affecting businesses – and especially M&A practice – across the globe merits a closer look. That's why we have prepared a special series of insights into all the relevant aspects of the FSR.

Series content
Over the next few months, we will bring you insights from a range of authors not only from the legal point of view but also from the broader economic and politic perspectives.

This series comes at an interesting and turbulent time for the FSR, as the European Commission is now preparing an implementing regulation and soft law documents elaborating on the FSR. So there will be plenty to keep an eye on. Our series strives to guide you through the latest news until the FSR comes into full effect on 12 October 2023.

Coming next
Next in our series you will hear from our competition and state aid expert Hanno Wollmann on what is and what isn't a foreign subsidy. If you have any comments, suggestions or questions in the meantime, don't hesitate to contact us.

By Volker Weiss, Partner, Jan Kupcík, Attorney at law,  Schoenherr

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Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

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