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European Commission State-Owned Enterprises

WilmerHale

EU Foreign Subsidies Regime: Publication of Final Implementing Regulation

WilmerHale on

The EU’s Foreign Subsidies Regulation (FSR) was adopted in late 2022. Its stated aim is to combat the effects of competitive distortions caused by foreign subsidies in the EU internal market and thereby level the playing...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU To Step Up Enforcement Against Foreign State-Backed Companies

If you (i) receive some form of financial support from foreign (non-EU) governments, and (ii) have activities or are planning to acquire a business in the EU, then you will want to read on....more

Latham & Watkins LLP

EU Proposal to Regulate Foreign Subsidies That Distort the Internal Market

Latham & Watkins LLP on

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

Wilson Sonsini Goodrich & Rosati

Modernizing EU Competition Policy: Will the EU's Angst with Chinese State-Owned Companies Help U.S. Tech Firms off the European...

During her five-year term as European commissioner for competition, Margrethe Vestager has earned a reputation for going hard after U.S. tech companies. This position had traction in certain European political circles and,...more

Jones Day

Dawn Raid Derailment—A Cautionary Tale

Jones Day on

The Development: The European Commission ("Commission") issued a preliminary finding that ZSSK, Slovakia's state-owned railway, obstructed a dawn raid ("inspection") and infringed its obligation to comply with inspectors. ...more

Latham & Watkins LLP

European Commission Proposes Framework to Screen Certain Foreign Direct Investments

Latham & Watkins LLP on

Proposal coordinates existing national screening mechanisms, grants the Commission powers to review investments of “Union interest.” European Parliament and Member States’ approval still required. Key Points: On 13...more

BCLP

Chinese Buyers Act Quickly – Parallel UK & EU Foreign Takeover Control Systems Proposed

BCLP on

On the 13th September 2017 Jean-Claude Juncker, the European Commission President, unveiled a framework for investment screening for certain foreign mergers in his “State of the Union” address to the European Parliament. ...more

Latham & Watkins LLP

PE Set To Benefit From More Outward Looking Chinese Buyers

Latham & Watkins LLP on

In recent years, Chinese companies have become increasingly bold in the search for new deals, looking beyond the country’s borders for transformational takeovers. This year already, we have seen PEViews China chartthe largest...more

Latham & Watkins LLP

European Commission Asserts Broad Power to Scrutinize Transactions Involving Chinese State-Owned Enterprises

Latham & Watkins LLP on

EC decision considering the control over SOEs may have far-reaching implications for future transactions of all Chinese SOEs in Europe. In its recent decision in Case COMP/M.7850 - EDF / CGN / NNB Group of Companies, the...more

A&O Shearman

Merger Control In The EU: The European Commission Extends Jurisdiction Over Transactions Involving Chinese SOEs

A&O Shearman on

Speed read - The European Commission took into account the revenues of all Chinese SOEs active in the energy industry to establish jurisdiction for merger control of a transaction....more

King & Spalding

REGULATORY: EU Competition Law: European Commission clears the acquisition of TNK-BP by Rosneft

King & Spalding on

The European Commission (“Commission”) has approved without conditions Rosneft’s US$ 54.8 billion acquisition of TNK-BP. The Commission’s 8 March approval came two months after the Russian Federal Antimonopoly Service (“FAS”)...more

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