European Union Enforces Foreign Subsidies Regulation: Impact and Implications for Global Corporations
On July 12, 2023, the European Union initiated the Foreign Subsidies Regulation (FSR), a sweeping set of regulations that now apply to all non-EU and EU companies across every economic sector. This legislation effectively fills a void in regulatory oversight that had persisted since 1958. According to legal analysis by Sheppard Mullin Richter & Hampton…