Mergers & Acquisitions Mergers & Acquisitions

Private equity firms could see foreign-subsidies notification obligations divided fund-by-fund

By Tono Gil and Natalie McNelis
  • 25 May 2023 11:08
  • 25 May 2023 11:08
Private equity firms could benefit from a carveout under the EU’s foreign subsidies instrument as the European Commission considers limiting the notification of subsidies to the particular fund involved in a transaction, according to a revised draft of implementing rules that MLex has seen (see here).

The new draft says that “in the

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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.

Natalie McNelis

Senior Correspondent


Natalie McNelis covers mergers for MLex in Brussels. Before joining MLex in 2017, she spent 20 years as an international trade and competition lawyer in law firms including Stibbe and WilmerHale. Natalie has a BA in English from Mount Holyoke College, a JD from Harvard Law School and an LLM in EU law from KU Leuven. She is admitted to the bar in New York.

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