European Commission Expands Authority to Regulate Non-EU Subsidies with Foreign Subsidies Regulation
The European Union’s recent Foreign Subsidies Regulation (FSR) has given the European Commission (EC) sweeping authority to regulate subsidies from non-EU nations, supplementing the Union’s established state aid regime that manages subsidies from EU Member States. By extending its reach beyond the borders of its constituent nations, the EC now wields influence on policies regarding…