Talk Straight
Analysis.
Key takeaways: The EU’s Foreign Subsidies Regulation (FSR) has quietly created a second, economically complex review track for large cross-border M&A. The first two in-depth cases under FSR, e&/PPF and ADNOC/Covestro, now set the practical and strategic contours of this new regime. Their outcomes reveal how the Commission interprets “distortive” state support and what it […]