By Michel Ponsard and Benjamin de Sevin 11 July 2023                             On 14 December 2022, the European Parliament and the Council adopted a regulation on foreign subsidies distorting the internal market. Intended to fill a gap in European Union law, which to date only governs aid granted to companies by Member States, this regulation now enables the European Commission to investigate distortions caused by subsidies from third countries, and to take measures to remedy them. Its application from 12 July 2023 should lead companies operating in the European Union to question the financial contributions they receive from third countries, in order (...)