A new EU regulation on foreign subsidies (FSR) has recently entered into force. It allows the European Commission to review financial contributions granted to businesses by non-EU countries, including requests for information, inspections and ordering redressive measures. Beginning October 12, 2023, non-EU companies will have new notification obligations in relation to M&A and public procurement activities.
The webinar will cover the key aspects of the new regulation, including:
- Investigative powers granted to the European Commission over non-EU companies.
- Types of financial contributions that may be questioned.
- New notification requirements for entities receiving significant subsidies.
- Financial and other sanctions for non-compliance.