Specific compliance considerations apply to M&A transactions and public tenders.

On 12 January 2023, the Foreign Subsidies Regulation (FSR) entered into force. The FSR empowers the European Commission (Commission) to control subsidies from non-EU States that distort competition on the EU internal market. On 6 February 2023, the Commission published its draft implementing regulation on key aspects of the FSR (Draft IR). The final implementing regulation is due to be adopted in Q2 2023.