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UPDATE: EU Foreign Subsidies Regulation - Implementing Regulation adopted

This Newsletter is a follow up to our Newsletter dated May 15, 2023 regarding EU Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market (FSR) [EU Foreign Subsidies Regulation: A new control regime for M&A transactions in the EU]. The FSR came into force on July 12, 2023, as planned. Just two days prior, on July 10, 2023, the EU Commission, following a public consultation process, finally adopted the long-awaited Implementing Regulation (EU) 2023/1441 (IR) intended to specify details of the FSR and reduce some of the uncertainty it created. In this Newsletter, we provide a high-level overview of the newly adopted IR. As of October 12, 2023,...To read the full article, please see the PDF file

*This article is also available in Japanese.

 

It is also available in PDF.
Europe Newsletter Download PDF [222 KB]

Authors

ドミニク・クルーゼ

Dominik KRUSE

  • Partner
  • Frankfurt / Düsseldorf

Dominik serves as co-representative of our offices in Frankfurt and Düsseldorf, Germany. He advises Japanese companies on corporate and cross-border M&A matters, as well as European companies regarding their business expansion into Southeast Asia (notably Indonesia, Thailand and Vietnam). He has a wealth of international experience and brings unique insights into deal-making across different cultures in both emerging and mature markets. Before joining the Tokyo office of Nishimura & Asahi in November 2019, Dominik worked at Clifford Chance (based out of Düsseldorf, Germany, and New York) and as in-house counsel at Pfizer, Inc. (New York).

マクシミリアン・レンツ

Maximilian LENTZ

  • Associate
  • Frankfurt / Düsseldorf

Maximilian’s practice covers cross-border M&A transactions, set-up of cross-border Joint Ventures, and day-to-day commercial business activities of international corporations in Europe. He lived in Japan for more than two years including a one-year research fellowship at Kyoto University. Before joining Nishimura & Asahi, Maximilian worked at leading law firms in Germany focusing on legal advice to international clients especially from Japan, China and other Asian jurisdictions.
Leveraging his professional and intercultural experience, Maximilian is considerate of the client’s business culture and provides tailored solutions also by coordinating closely with legal counsel from other European jurisdictions, where necessary.