Mergers & Acquisitions Mergers & Acquisitions

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

By Tono Gil , Lewis Crofts and Nicholas Hirst
  • 24 May 2023 19:55
  • 24 May 2023 20:22
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.

Benefits that might distort competition

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Tono Gil

Regulatory Reporter

Tono is a competition reporter for MLex in Brussels. Prior to joining MLex, he worked as a trainee in the European Parliament and as a correspondent in Valencia and Buenos Aires for the Spanish news agency EFE. Tono holds a degree in Journalism from the University of Valencia and a master in Transmedia Journalism.

Lewis Crofts


Lewis leads MLex's editorial strategy, content direction, quality and development. He has a reputation for breaking stories and providing analysis on complex legal disputes before regulators and courts around the globe. He has also developed MLex's unrivalled coverage of competition policy, litigation, regulation, Brexit and international investigations.

Nicholas Hirst

Chief Correspondent

Nicholas covers EU merger review and antitrust investigations for Mlex in Brussels. He previously wrote about EU affairs for Politico Europe, European Voice and PaRR. After earning an LLM in European law from the College of Europe in Bruges, he spent a year working in the competition practice of a leading competition law firm in Brussels 2009-10. He graduated in modern European languages from Oxford University in 2006.

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