The FSR Turns Three: European Commission Confirms Fitness For Purpose But Sets Course For Simplification

The European Commission has published its first review of the EU Foreign Subsidies Regulation (FSR), concluding that the instrument is meeting its objective of preserving a level playing field in the EU internal market against distortive third-country subsidies. However, the review also identified areas for improvement, most notably the significant administrative burden imposed on businesses through foreign financial contribution ("FFC") data collection, the complexity of notification procedures... By: White & Case LLP