The European Commission has announced a proposal for a regulation to address distortions in the internal (EU) market caused by foreign subsidies. For the purpose of the regulation, foreign subsidies may include, for example, interest-free loans, unlimited guarantees, capital injections, preferential tax treatment, tax credits, and direct grants. --- The Proposed Regulation Scope Under the proposed Regulation, the Commission will have the power to investigate financial contributions granted by public authorities of a non-EU country which benefit companies engaging in an economic activity in the EU and redress their distortive effects, as relevant. In this context, the Regulation proposes the...