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European Union › Subsidies

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
White & Case LLP

The EC sheds light on the key concept of distortion under the EU Foreign Subsidies Regulation

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The European Commission (EC) has issued preliminary clarifications concerning the distortion test under the new Foreign Subsidies Regulation (FSR). These preliminary clarifications come only a year after the FSR came into...more

A&O Shearman

UK Almost Triples Spending on Subsidies Since Leaving the European Union

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Shearman & Sterling advises on many of the most significant subsidy matters in the UK and European Union. As part of this work, we have seen the increasing role that subsidy has played in the policy choices made by...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board Podcast | Will the EU’s Focus on Foreign Subsidies Make It More Difficult To Acquire European Businesses?

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Newly effective EU rules impose another layer of review for acquisitions in Europe. They empower the European Commission to investigate whether either the acquirer or target has received non-EU government subsidies that...more

Sheppard Mullin Richter & Hampton LLP

The EU Foreign Subsidies Regulation: New Rules for All Companies Active in the EU

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On 12 July 2023, the new EU Foreign Subsidies Regulation (“FSR”) started applying to all non-EU and EU companies and all sectors of the economy. FSR filled a regulatory gap which existed since 1958. The European Commission...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU Foreign Subsidies Regulation Goes Live: Key Implications for M&A Transactions

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On 12 July 2023, the EU’s Foreign Subsidies Regulation (FSR) entered into force. The FSR allows the European Commission (EC) to investigate and remedy subsidies received from non-EU countries that distort the EU internal...more

McDermott Will & Emery

The European Commission Publishes Final Implementing Regulation on Proceedings Pursuant to the Foreign Subsidies Regulation

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Last Step Towards a New Regulatory Framework for M&A Transactions Within the European Union - On July 10, 2023, the European Commission (the “Commission”) published its final regulation for implementing the Foreign...more

Latham & Watkins LLP

The FSR Will Soon Apply: What Companies Need to Know

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The EU’s new regime for tackling foreign subsidies will kick in on 12 July 2023. On 10 July 2023, the European Commission (Commission) published the final text of the Implementing Regulation (Final IR) on proceedings...more

White & Case LLP

US and EU Commit to Making Deal on Electric Vehicle Subsidies; Unveil more Cooperation on Green Energy and Economic Security

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The US and EU announced a range of commitments on green energy and economic security cooperation on March 10, 2023, in a meeting between European Commission President Ursula von der Leyen and US President Joe Biden. The most...more

Goldberg Segalla

European Union Moves to Create Subsidy Regime to Counteract U.S. Clean-Tech Policies

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The European Union plans to push back against the clean-tech tax breaks provided in the Inflation Reduction Act (IRA) by easing subsidy rules and creating a new source of money to help member states compete with the United...more

Akin Gump Strauss Hauer & Feld LLP

Putting a stop to the subsidy war

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With the enactment of the U.S. Inflation Reduction Act (IRA) and the announcement of the European Union (EU) Green Deal Industrial Plan, there is now a full-fledged subsidy war between the United States and the European...more

Morgan Lewis

Final Approval of the Foreign Subsidies Regulation

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The European Union’s Foreign Subsidies Regulation (FSR), published on December 23, 2022, entered into force on January 12, 2023. The FSR will apply with most of its provisions six months after its entry into force—i.e., on...more

Jones Day

EU Foreign Subsidies Regulation Filings Mandatory Starting in October 2023

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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")....more

White & Case LLP

The EU adopts the long-awaited Foreign Subsidies Regulation

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On 28 November 2022, the EU adopted the Foreign Subsidies Regulation, giving the European Commission powers to intervene to tackle foreign subsidies distorting competition in the EU internal market. The FSR, due to apply by...more

Latham & Watkins LLP

European Scrutiny of Foreign Subsidies to Impact PE Deals

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A new regulation to control foreign subsidies could entail more complex, costly, and time-consuming deal clearances. European M&A is set to become more complex after the entry into force of the Foreign Subsidies...more

Latham & Watkins LLP

Foreign Subsidies Regulation Presents a New Hurdle for European M&A

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A new regulation to control foreign subsidies could result in more complex, costly, and time-consuming M&A clearance processes. European M&A is set to become more complex after the European Parliament and European Council...more

Barnea Jaffa Lande & Co.

EU Proposes to Regulate Companies That Receive Foreign Governments Support – How Will This Affect Foreign and Israeli Companies?

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On July 13, 2022, the European Parliament and the European Council agreed on a new regulation concerning “foreign subsidiaries that distort the European market.” Their agreement is the final stage prior to voting on the...more

WilmerHale

A New UK Subsidy Control System

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Following its exit from the European Union, the United Kingdom (UK) is no longer bound by the EU’s rules governing public subsidies. At the end of April 2022, the UK Parliament passed the Subsidy Control Act 2022, which sets...more

McDermott Will & Emery

EU Foreign Subsidies Regulation to Impact EU and Cross-Border M&A Antitrust Review Starting in 2023

McDermott Will & Emery on

On June 30, 2022, the Council of the European Union (Council) and the European Parliament (Parliament) reached a political agreement on the Regulation on foreign subsidies distorting the internal market (FSR or Regulation)....more

White & Case LLP

UK Government publishes illustrative guidance on the future operation of its subsidy control regime

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The Subsidy Control Bill (the "SCB"), first introduced by the Department of Business, Energy and Industrial Strategy (the "BEIS") on 30 June 2021, is making its way through the House of Lords ahead of expected adoption in...more

Hogan Lovells

UK Subsidy Control Bill – “considerable unknowns" remain

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The UK Government has been busy adding flesh to the bare bones of the domestic subsidy control regime that has been in place since the start of 2021 following the signing of the EU/UK Trade and Cooperation Agreement (TCA). ...more

Husch Blackwell LLP

US-EU Suspend Large Civil Aircraft Tariffs And Take Aim At China In Framework Addressing Non-Market Practices

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The United States and European Union (“EU”) announced a “cooperative framework” to address and potentially resolve their long-running dispute over large civil aircraft subsidies, also commonly known as the Boeing–Airbus or...more

Robins Kaplan LLP

Financial Daily Dose 6.16.2021 | Top Story: Big Tech Critic and Antitrust Scholar Khan Named New FTC Chair

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Fresh off her Senate approval as newest commissioner to the Federal Trade Commission, Lina Khan—“a prominent critic of Big Tech”—has been named chair of the Commission. President Biden’s decision to make the 32-year-old Khan...more

Latham & Watkins LLP

EU Proposal to Regulate Foreign Subsidies That Distort the Internal Market

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The European Commission (EC) has published a proposal (Proposal) for a regulation on foreign subsidies that distort the internal market. The Proposal aims to address the perception that foreign subsidies have created an...more

Faegre Drinker Biddle & Reath LLP

Trans-Atlantic Truce: The U.S. and its European Allies Agree to Suspend Tariffs in an Effort to Resolve the Longstanding Dispute...

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Viewed by many as a crucial step in the Biden administration’s effort to “rebuild” the trade relationship with traditional U.S. allies in Europe, on March 4, 2021, the United States and the United Kingdom announced a...more

Skadden, Arps, Slate, Meagher & Flom LLP

Plus Ça Change ... Reframing the Tax Influences of the European Union

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Takeaways - While the Trade and Cooperation Agreement (TCA) includes new commitments by the parties on tax, certain EU-derived tax rules will remain relevant in the UK. - That is actually a good thing in one respect: UK...more

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