The European Commission has released the full, non-confidential text of its decision in Case FS.100011 – e&/PPF, marking a watershed moment under the EU Foreign Subsidies Regulation (FSR). This is the first case to be cleared with commitments, setting a precedent for how foreign subsidies will be scrutinized moving forward, particularly in transactions involving state-owned enterprises, sovereign wealth funds, and non-EU governmental entities.
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