Much to Be Worked Out: The European Commission’s Proposal for a Regulation on Foreign Subsidies Distorting the EU Internal Market

The European Commission’s May 2021 Proposal for a Regulation on Foreign Subsidies Distorting the EU Internal Market is an eye-catching measure due to its expressly extra-territorial nature. It applies to any business – including EU businesses – engaged in an economic activity in the EU and lays down rules and procedures for investigating subsidies from a non-EU Member State that distort the EU internal market and for redressing such distortions. Included are compulsory notification regimes