The European Commission is seeking feedback on its proposed rules and procedures for merger and public tender notifications under the new EU Regulation on distortive foreign subsidies.
The Regulation imposes a mandatory obligation to notify certain large mergers or public tenders in the EU, coming into effect from October 12, 2023.
This alert memo summarizes the Commission’s proposed rules, which impose potentially burdensome requirements for large enterprises. The deadline for responding to the consultation is March 6, 2023.
Please click here to read the full alert memorandum.