EU To Step Up Enforcement Against Foreign State-Backed Companies

The M&A Lawyer

Niels Baeten Bill Batchelor Frederic Depoortere Aurora Luoma Giorgio Motta Ingrid Vandenborre

Skadden antitrust attorneys from the Brussels and London offices analyze the impact of the EU’s Foreign Subsidies Regulation, expected to enter force in 2023 and aimed at foreign state-backed companies. The sweeping new rules will define government subsidies broadly — to include many tax breaks, for example, creating new due diligence burdens and uncertainty for transactions in the EU.