(Credit: Andrey Popov / AdobeStock) EU's New Foreign Subsidies Regulation Creates Risk for Foreign Companies, Lawyers Say
Companies that fail to inform Brussels officials of foreign subsidies they received could be hit with a fine of up to 10% of their turnover.
October 30, 2023 at 06:45 PM
5 minute read
Ever since the European Economic Community, the EU's predecessor, was created in 1957, large companies in the EU have had to adhere to a tough state aid playbook aimed at ensuring the support they received from their national governments doesn't give them an unfair advantage.
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