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Companies face looser ‘contribution’ threshold under foreign-subsidies regulation, new draft implementing rules show

By Tono Gil, Lewis Crofts and Nicholas Hirst ( May 24, 2023, 18:55 GMT | Insight) -- Companies involved in mergers or public procurement in the EU would have to notify certain foreign “financial contributions” worth over 1 million euros ($1.1 million) — far higher than previously anticipated — under changes to draft rules to implement the EU’s new power to patrol foreign subsidies. Benefits that might distort competition will need full reporting, while other subsidies judged less risky can be declared using an overview table, according to the draft seen by MLex.Companies involved in mergers or public procurement in the EU would have to notify certain foreign “financial contributions” worth over 1 million euros ($1.1 million) — far higher than previously anticipated — under changes to draft rules intended to implement the EU’s new power to patrol foreign subsidies....

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