FSR-Checker

Is a notification under the EU Foreign Subsidies Regulation ("FSR") required for your M&A transaction?

The FSR, which entered into force on 12 January 2023, enables the European Commission to investigate third-country subsidies with a view to possible distortions of the EU internal market, including in the context of M&A transactions. Companies are required to notify M&A transactions to the European Commission if certain thresholds are exceeded.

Whether an FSR notification is required depends on various factors which can be a cause of uncertainty for companies. However, an FSR notification obligation can often be clarified by answering just a few questions. With our FSR-Checker, you can check easily and free of charge whether your M&A transaction requires a notification under the FSR.

Disclaimer:

Please note that the FSR-Checker had to be simplified to a certain extent due to the complex legal situation so that it remains manageable. The legal considerations illustrated in our FSR-Checker therefore serve merely as an initial abstract and non-binding assessment and do not replace a concrete examination in individual cases. They relate to the content of the EU Foreign Subsidies Regulation and do not take into account any other relevant standards.

We are continuously developing the FSR-Checker to improve its accuracy and user-friendliness. This web application is a free and non-binding offer for information purposes on an abstract basis only. It does not constitute legal advice, nor does it create an attorney-client relationship in connection with the use of the web application.

A binding statement on the applicability of the EU Foreign Subsidies Regulation requires the conclusion of an agreement with us and a case-by-case assessment by us.

You can find out which personal data is processed in connection with the FSR-Checker in our data protection information.