To keep a level playing field among EU member countries, subsidies granted by those countries to companies engaged in competition in the EU are subject to the EU’s state aid rules. But what about subsidies granted by non-EU countries which may impact the EU single market? Andreas Reindl, a partner at Van Bael & Bellis in Brussels, joins Alicia Downey and Matthew Hall to discuss the EU’s new Regulation on foreign subsidies distorting the internal market, which authorizes the European Commission to investigate and issue orders to remediate the adverse effects of such foreign subsidies. Listen to this episode to learn more about this new Regulation and its implications for companies making acquisitions or involved in public tenders in the EU.
Andreas Reindl, Partner, Van Bael & Bellis
Proposed text of EU Regulation on Foreign Subsidies 13 July 2022
European Council press release 30 June 2022
Alicia Downey, Downey Law LLC and Matthew Hall, McGuireWoods London LLP