European Commission White Paper on Leveling the Playing Field as Regards Foreign Subsidies
By: Chantal Lavoie (Lavoie Legal)
The European Commission released for consultation on 17 June 2020 its much-awaited white paper on levelling the playing field as regards foreign subsidies (the White paper). Its purpose is to address distortions to the internal market resulting from foreign subsidies. The paper is based on a “model of open strategic autonomy” for Europe. The public consultation is ongoing until 23 September 2020. The article below discusses the scope and content of the White paper and comments in particular on the impact of the proposed measures on acquisitions of EU targets.
The White paper – scope and content
The paper proposes a framework to address what is viewed as a “regulatory gap” in dealing with foreign subsidies distorting the internal market. The framework consist of different modules or measures depending on the type of foreign subsidy. Competent supervisory authorities would be designated by the European Commission and Member States and would have shared competences and enforcement powers to be determined. A cooperation mechanism along the lines that currently exists between the Commission and national competition authorities through the European Competition Network would be put in place…
Featured News
Google’s Bid to End EU Antitrust Case with AdX Sale Rejected by Publishers
Sep 18, 2024 by
CPI
Google Challenges £7 Billion UK Lawsuit, Seeks Case Dismissal Over Alleged Market Abuse
Sep 18, 2024 by
CPI
GameStop CEO Ryan Cohen Fined Nearly $1M for Antitrust Violation in Wells Fargo Deal
Sep 18, 2024 by
CPI
French Regulator Approves FDJ’s Kindred €2.45B Acquisition with Conditions
Sep 18, 2024 by
CPI
UK Competition Authority Targets Greenwashing with New Fashion Compliance Rules
Sep 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández