Client Alert: Ready, Set, Go for the EU Foreign Subsidies Regime: Procedural Rules Clarify Scope of Mandatory M&A Filings
The EU Foreign Subsidies Regulation brings in a new mandatory regulatory regime for certain M&A deals and public tenders and a general market investigation tool, each administered by the European Commission.
The EC has now adopted its final procedural rules, which include how parties should notify their M&A deals and public procurement bids. Although the final M&A notification form is more limited in scope than the draft version, those contemplating M&A deals will still need to undertake an extensive internal data collection exercise to be “FSR ready”.
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