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Trade, Competition and Foreign Subsidies: What New EU Rules Might Mean in the Wake of Brexit
As the UK gets ready to officially leave the EU, and against the backdrop of a global health and economic crisis, the European Commission is turning its attention to dealing with the distortive effects caused by foreign subsidies in the Single Market.
Releasing a White Paper to seek input from stakeholders, the public consultation is open until September 2020 and will help the EU to develop future regulations that touch on several key legal areas for clients: trade law, merger reviews and state aid.
While these areas typically have little or no overlap, the White Paper puts forth the potential for investigations that could involve all three areas, meaning that clients need to be aware of how to navigate the interface between trade and competition issues now to effectively mitigate risk later.