Article
Marking Its Own Homework, Or A Genuine Attempt To Reform? The EC Reviews The Foreign Subsidies Regulation
The European Commission has published its review of the Foreign Subsidies Regulation (FSR), addressing widespread concerns about the regime's disproportionate compliance burden on M&A deals and procurement procedures. While the EC maintains the instrument is "fit for purpose," stakeholders and independent studies reveal significant administrative challenges, with only 1% of notified M&A deals warranting in-depth review and proposed reforms falling short of the fundamental redesign many had requested.
A&O Shearman