Somewhat More Clarity on the Reach of the New Foreign Subsidies Regulation
JD Supra: Mergers
JULY 10, 2023
European Commission Provides Guidance in Question and Answer - As of 12 October 2023, the Foreign Subsidies Regulation (FSR) will require businesses intending to undertake substantial mergers and acquisitions (M&A) or participate in major public procurement projects, to submit a notification to the European Commission (Commission) listing financial contributions they have received from third countries if certain thresholds are met.
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