An article authored by Stefanos Sofroniou, Senior Associate at Elias Neocleous & Co LLC, discusses the complex challenges that the new EU Foreign Subsidies Regulation presents for large EU merger and acquisition transactions involving foreign subsidies. The new rules, applicable since July 2023, provide for mandatory ex-ante notification and screening by the European Commission of sizeable M&As and joint ventures where the parties involved had been granted above-threshold subsidies in the last three years by third country governments or from private entities whose actions can be attributed to 3rd country governments.
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For any further queries, please contact Stefanos Sofroniou at Elias Neocleous & Co LLC.