The EU’s new ‘Foreign Subsidy regime’ will create a power for the European Commission to investigate and take action against subsidies that distort the Single Market. It’s primarily aimed at countries like China and Russia, but could apply to public funding within the UK too.

Under the Subsidy Control Bill there can be a six month gap between an unlawful subsidy being announced and it being capable of being challenged. That’s not good law⁩ - ⁦competitors could be driven out of business before the challenge period starts. thetimes.co.uk/article/post-b…

The EU Foreign Subsidies regime will have a significant impact on the way public funding is awarded in non-EU countries, including the UK. dwfgroup.com/en/services/le…

It’s worth keeping an eye on the EU’s Foreign Subsidy Regulation - this will create new, wide powers for DG Competition to tackle perceived loopholes in how subsidies from outside the EU impact the Single Market.

The House of Lords debates the Subsidy Control Bill on 19th January 2022, but without a complete picture of how it will work. The Government should set out what kinds of subsidies will need to be referred to the Competition & Markets Authority or otherwise prohibited, before the Bill is debated.

❌ “It’s high time to equip the 🇪🇺 with an effective tool to investigate, redress and block unfair competition from foreign companies", says I. Rodríguez-Piñero/❤️ More here 👇 socialistsanddemocrats.eu/newsroom/high-…

Foreign subsidies: #EPlenary backs with large majority Christophe Hansen report to protect the internal market against distorting foreign subsidies. Read press release 👇 europarl.europa.eu/news/en/press-…

🥳🙏European Parliament endorses my report on distortive foreign subsidies with an overwhelming majority (627+/8-/11o), paving the way for a swift start of trilogues 👉 europarl.europa.eu/news/en/press-…

.@eucouncil ambassadors just adopted a negotiating mandate on the regulation on distortive foreign subsidies — an instrument aiming to ensure a level playing field for all companies doing business in the internal market. Press release below 👇

New rules to tackle unfair foreign subsidies and ensure a level playing field: the European Parliament has given the green light to the trialogue negotiations. My press release ➡️ bit.ly/3Fdweks

The Parliament has ✅ its mandate on the Foreign Subsidies Instrument! It is crucial to have in place rules that ensure that foreign subsidies do not create distortions, as this harms the competitiveness of our companies, including our SMEs. Catharina Rinzema & Stéphanie Yon-Courtin

The new Prime Minister is likely to authorise an enormous programme of subsidies to tackle the #EnergyCrisis. In this article, ⁦Jonathan Branton⁩ and I assess whether the UK’s new Subsidy Control regime is up to the challenge and likely sticking points. linkedin.com/posts/alexande…

Striking figures in today`s POLITICOEurope playbook on EU state aid since the pandemic, with Germany accounting for 53% and France for 24%, with just 23% for all other 25 member states. Remember: This asymetry was a core argument for the joint borrowing in the EU recovery fund.

Nicolai von Ondarza POLITICOEurope During the Covid-19 pandemic, the European Commission approved over €2.3 trillion of German State aid measures as not being unduly distortive of the Single Market. Yet the EU Foreign Subsidies Regulation regards awards of €4.1m, from outside the EU, as potentially distortive!

A new EU law might change the course of football next season… The scope of the EU Foreign Subsidies Regulation is so wide that it might be the most important law you’ve never heard of before Our article on this is at tinyurl.com/DWFEUFSReg #Football #PSG #NUFC #MCFC

How will international businesses be affected by the new EU Foreign Subsidies Regulation? Find out here: dwfgroup.com/en/news-and-in… #SubsidyControl #ForeignSubsidies #Subsidies #Law