European Commission Publishes Proposal to Counter Foreign Subsidies Distorting the Single Market
By EsqSocial Corporation 13/05/21
The European Commission would gain extensive new powers to counteract alleged distortive effects of foreign subsidies in the EU Single Market—combining elements from EU rules on state aid, trade defence, merger control, and public procurement—under a novel instrument set out in its proposed Regulation published on 5 May 2021. As anticipated in our White Paper The EU "Club" Gets More Exclusive: Closing The Doors On Foreign Subsidies? (July 2020), the European Commission published a proposal on 5...
By: Jones Day