The European Union’s (EU’s) proposed new competition law regime, the Anti-Subsidy Regulation, seems on track to be finalised by mid-2022 and to apply from early 2023. The Anti-Subsidy Regulation was formally proposed in May 2021 but closely tracks a 2020 white paper. It will create mandatory new M&A notification and approval requirements based on a broad new group-wide, global financial metric, “financial contributions,” starting with multinationals’ 2020 financial years.
This article considers the proposal and its impact on the technology sector. Click here to continue reading.