European Commission’s White Paper on Foreign Subsidies: Closing a regulatory gap?

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The European Commission (the Commission) is consulting the market on a proposal to add a new tool to the EU protective gear against international competition. The White Paper addresses the potential distortive effects of foreign subsidies on the EU single market. The various models proposed could have a significant impact on companies that have received non-EU subsidies and some types of inbound M&A. The consultation is open until 23 September 2020.