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ARTICLE · 13 DECEMBER 2022

Final Adoption Of The EU's Foreign Subsidies Regulation

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On November 28, 2022, the Council of the European Union (Council) gave its final approval to the proposed Regulation on Foreign Subsidies (Regulation), concluding seven months...

GlobalGovernment, Public Sector
Édouard Bruc
Édouard Bruc
Cormac O'Daly
Cormac O'Daly
Christian Duvernoy
Christian Duvernoy
Prof. Dr. Hans-Georg Kamann
Prof. Dr. Hans-Georg Kamann
Jeffrey I. Kessler
Jeffrey I. Kessler
Frédéric Louis
Frédéric Louis
Patrick J. McLain
Patrick J. McLain
Dr. Stefan Ohloff
Dr. Stefan Ohloff
John Ratliff
John Ratliff
+3 more
Author LinkedIn connections

On November 28, 2022, the Council of the European Union (Council) gave its final approval to the proposed Regulation on Foreign Subsidies (Regulation), concluding seven months of negotiations with the EU Parliament. Under this Regulation, the European Commission (EC) will have powerful new tools to investigate foreign subsidies that distort competition in the European Union. The new toolbox aims to ensure a level playing field between EU-based companies, which must comply with strict domestic (intra-European Union) rules on subsidies, and foreign actors that do not.

The Regulation is expected to be published in the Official Journal of the EU later this month or in early 2023. It will enter into force on the 20th day following its publication and apply six months after that, i.e., around mid-2023.

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