The new Foreign Subsidies Regulation (FSR) started its application on 12 July 2023. The FSR allows the European Commission to investigate financial contributions granted by non-EU countries to companies operating in the EU and establishes a new set of notification obligations to these companies when these are involved in concentrations or public tenders.
In light of these developments, our firm contributed with an article on the Lawyer legal magazine, authored by Partner, Anna Manda, and Associates Maria Kallidopoulou and Maria-Christina Raptopoulou.
The article provides an overview and practical considerations on key issues regarding inter alia the powers of the European Commission, the obligations of the companies to notify concentrations or their involvement in public procurement procedures, and the notification thresholds.
You can read the article (content in Greek) below.