European Commission raids EU security equipment company over suspected foreign subsidies under Foreign Subsidies Regulation.
The European Commission has raided a security equipment company in the EU, suspecting it may have received distortive foreign subsidies. This follows the enforcement of the Foreign Subsidies Regulation in July 2023, which allows the EU executive to assess whether subsidies enable companies to submit overly advantageous offers in procurement tenders. The EU has targeted several Chinese companies under this regulation, including those in the clean-energy sector.
April 23, 2024
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