Foreign subsidies control: the missing piece to preserve the internal market
5 January 2023

New regulation on foreign subsidies distorting the internal market – modelled on the existing State aid rules. The regulation addresses distortions to the level playing field caused by subsidies granted by non-EU member states.

New notification requirements will apply as of 12 October 2023, and new control and investigation procedures as of 12 July 2023.

Undertakings in the internal market should thus verify compliance and evaluate risks by identifying foreign subsidies received in the last five years and assessing their possible effects on competition in the internal market.

Our Competition/Antitrust Practice breaks down the main news in the document available here.