EL RÉGIMEN DE AUTORIZACIÓN DE SUBVENCIONES EXTRANJERAS ENTRA EN APLICACIÓN.

The Foreign Subsidies Regulation (FSR), effective since 12 October 2023, empowers the European Commission to investigate third-country financial contributions to EU companies distorting the internal market. The regulation covers a wide range of foreign contributions and introduces notification obligations for mergers and public procurement. The European Commission can also initiate investigations independently, impose corrective measures and impose fines for failure to notify. Companies must adapt their internal processes and consider the impact on costs and timelines. Before undertaking transactions or tenders, collecting information on foreign contributions is crucial, even below notification thresholds. [ABSTRACT FROM AUTHOR]