Simon Yarak’s Post

You may have seen that the Commission opened last week its first in-depth investigation under the #ForeignSubsidiesRegulation, in relation to a subsidiary of the Chinese State-owned rolling stock company, CRRC. The article I wrote last year with Nicole Robins, Francisco Couto and Matteo Marengon engaged in a thought experiment: what if the FSR had been applicable to an acquisition conducted in 2020 by (you guessed it) CRRC? What substantive economic questions would have arisen and how would they have been addressed by the Commission? Could redressive measures have been imposed? Well, although the recent investigation concerns a public procurement procedure (as opposed to a concentration), it seems we will all soon gain some insights into how the Commission actually tackles some of the substantive issues raised. Our article is among the nominees for the 2024 Antitrust Writing Awards, so if you think it provides food for thought in the current context, why not consider voting for it? :) #Concurrences #AWA2024 #Economics #FSR