EU Foreign Subsidies Regulation – Advantage or Burden?

PwC Campus in Diegem - Culliganlaan 5, 1831 Diegem)

22 Ottobre 2025

Ore 08:30

Informazioni

The EU Foreign Subsidies Regulation (EUFSR), introduced in 2023, allows the European Commission to investigate foreign subsidies either upon companies’ notification or ex officio. In this context, the Commission enjoys broad powers, including, e.g., the power to conduct dawn raids. Moreover, where the Commission identifies substantive concerns, it has a broad array of remedies at its fingertips. 


The conference, organised in partnership with ACC Europe, through the interactive and live exchange with policy-makers, regulators as well as with the business and legal community, will offer a unique opportunity to gain a clear view on the state of the art in this emerging regulatory area at the nexus of key topics, including international trade rules and policies, state aid, merger control, antitrust, national foreign investment control, and, more broadly, the functioning of the EU Single Market. 


Of relevance is the context of M&A transactions and bids in public procurement processes where companies, following entry into force of EUFSR, are required to notify and receive clearance prior to closing certain transactions or being awarded certain bids. The new requirements apply to EU companies with non-EU activities in the same way as to companies from other countries around the world.  


Legal, CFO, Tax, and top management teams need to be aware of implications for subsidies, acquisitions and public procurement processes to avoid being caught off guard and work closely together to ensure completeness and timely availability of data. 


Against this background, our panels will discuss key EUFSR compliance issues as to what expect from the current and future enforcement by the Commission and how to prepare for and run filing processes. Guidelines and insights will be provided on the specific challenges of the Global Foreign Financial Contribution Status, i.e. the extremely broad analysis and disclosure of foreign financial contributions received around the world which are not typically available through firms’ standard financial systems. 


Keynote speakers will be Enrico Letta, former Italian Prime Minister and author of “Much More Than a Market”, the report on the future of the EU Single Market, published in April 2024 and commissioned by the Council of the European Union, and Antonio Nicita, current member of the Italian Parliament, former Commissioner of the Italian Communication Authority and member of the EC Regulatory Scrutiny Board, Full Professor of Economic Policy, LUMSA University.

The Conference panels will be held and moderated by senior officials of the European Commission responsible for enforcing the EUFSR, Industry leaders, in-house counsel, and academics.

Programma

  • 08:00 - 09:00 Registration and welcome coffee

  • 09:00 - 09:15 Welcome addresses
  • Olivier Hermand, Lawyer / Managing Partner PwC Legal Belgium
  • Andrea Lensi Orlandi, Partner PwC Legal STA Italy

  • 09:15 - 10:30 Panel 1 | From the roots of EUFSR to the future of the single market - Keynote speaker interview
  • Enrico Letta, EU Rapporteur on the Future of the Single Market, President of the Jacques Delors Institute, Former Prime Minister of Italy
  • Francesca Micheletti, Senior Competition Correspondent Politico

  • 10:30 - 11:45 Panel 2 | EUFSR and M&A: Lessons learned and challenges ahead (including Q&A)
  • Henri Piffaut, DG COMP, Advisor, Foreign Subsidies European Commission
  • Carmelo Fontana, Senior Legal Counsel Google Italia
  • Lena Hornkohl, Assistant Professor University of Vienna, Department of European, International and Comparative Law
  • Ester Latorre, Postdoctoral Research Fellow University of Piemonte Orientale
  • Moderator: Lewis Crofts, Editor-at-large Mlex

  • 11:45 - 12:00 Coffee break

  • 12:00 - 13:15 Panel 3 | EUFSR project management
  • Allard Knook, Partner PwC Legal Netherlands
  • Peter Xiang, Partner PwC Advisory China
  • Dr Qian Ma, Local Partner PwC Germany
  • Heiner Mecklenburg, Senior Manager PwC Legal Germany
  • Karoly Freyler, Senior Manager PwC Advisory Netherlands
  • Moderator: Luigi Nascimbene, Director PwC Legal STA Italy

  • 13:15 - 14:15 Lunch break

  • 14:15 - 15:30 Panel 4 | EUFSR and public procurement: Between level playing field and public strategic goals
  • Bonifacio Garcia Porras, Directorate General for Internal Market, Industry, Entrepreneurship, and SMEs (DG GROW) - Head of the "Foreign Subsidies" Unit European Commission
  • Camilla Cocuzza, Acting General Counsel, Ely Lilly Italia
  • Hubert Klinger, Senior Legal Counsel Siemens Germany
  • Pierfrancesco Mattiolo, Graduate Teaching and Research Assistant, PhD Candidate, European and International Economic Law University of Antwerp
  • Moderator: Lewis Crofts, Editor-at-large Mlex

  • 15:30 - 16:45 Panel 5 | Voices from outside of the EU: The Far East and the Wild West
  • Fang Dongkui, Secretary General of the China Chamber of Commerce to the EU (CCCEU)
  • Aude-Laure Delbac, Legal Service of the European Commission - Aide team (State aid & Foreign subsidies)
  • Bin Ye, Associate Professor, Secretary-General of the Chinese Society of European Legal Studies (CSELS) of the Chinese Society for European Studies (CAES) and Member of the China Society of Private International Law
  • Tom Patten, Partner PwC Tax USA
  • Pierfrancesco Mattiolo, Graduate Teaching and Research Assistant, PhD Candidate, European and International Economic Law University of Antwerp

  • Francesca Micheletti, Senior Competition Correspondent Politico

  • 17:00 - 17:45Concluding keynote remarks
  • Antonio Nicita, Professor of Economic Policy LUMSA University (Palermo-Rome); Senator of the Italian Republic
    • 08:00 - 09:00 Registration and welcome coffee

    • 09:00 - 09:15 Welcome addresses
    • Olivier Hermand, Lawyer / Managing Partner PwC Legal Belgium
    • Andrea Lensi Orlandi, Partner PwC Legal STA Italy

    • 09:15 - 10:30 Panel 1 | From the roots of EUFSR to the future of the single market - Keynote speaker interview
    • Enrico Letta, EU Rapporteur on the Future of the Single Market, President of the Jacques Delors Institute, Former Prime Minister of Italy
    • Francesca Micheletti, Senior Competition Correspondent Politico

    • 10:30 - 11:45 Panel 2 | EUFSR and M&A: Lessons learned and challenges ahead (including Q&A)
    • Henri Piffaut, DG COMP, Advisor, Foreign Subsidies European Commission
    • Carmelo Fontana, Senior Legal Counsel Google Italia
    • Lena Hornkohl, Assistant Professor University of Vienna, Department of European, International and Comparative Law
    • Ester Latorre, Postdoctoral Research Fellow University of Piemonte Orientale
    • Moderator: Lewis Crofts, Editor-at-large Mlex

    • 11:45 - 12:00 Coffee break

    • 12:00 - 13:15 Panel 3 | EUFSR project management
    • Allard Knook, Partner PwC Legal Netherlands
    • Peter Xiang, Partner PwC Advisory China
    • Dr Qian Ma, Local Partner PwC Germany
    • Heiner Mecklenburg, Senior Manager PwC Legal Germany
    • Karoly Freyler, Senior Manager PwC Advisory Netherlands
    • Moderator: Luigi Nascimbene, Director PwC Legal STA Italy

    • 13:15 - 14:15 Lunch break

    • 14:15 - 15:30 Panel 4 | EUFSR and public procurement: Between level playing field and public strategic goals
    • Bonifacio Garcia Porras, Directorate General for Internal Market, Industry, Entrepreneurship, and SMEs (DG GROW) - Head of the "Foreign Subsidies" Unit European Commission
    • Camilla Cocuzza, Acting General Counsel, Ely Lilly Italia
    • Hubert Klinger, Senior Legal Counsel Siemens Germany
    • Pierfrancesco Mattiolo, Graduate Teaching and Research Assistant, PhD Candidate, European and International Economic Law University of Antwerp
    • Moderator: Lewis Crofts, Editor-at-large Mlex

    • 15:30 - 16:45 Panel 5 | Voices from outside of the EU: The Far East and the Wild West
    • Fang Dongkui, Secretary General of the China Chamber of Commerce to the EU (CCCEU)
    • Aude-Laure Delbac, Legal Service of the European Commission - Aide team (State aid & Foreign subsidies)
    • Bin Ye, Associate Professor, Secretary-General of the Chinese Society of European Legal Studies (CSELS) of the Chinese Society for European Studies (CAES) and Member of the China Society of Private International Law
    • Tom Patten, Partner PwC Tax USA
    • Pierfrancesco Mattiolo, Graduate Teaching and Research Assistant, PhD Candidate, European and International Economic Law University of Antwerp

    • Francesca Micheletti, Senior Competition Correspondent Politico

    • 17:00 - 17:45Concluding keynote remarks
    • Antonio Nicita, Professor of Economic Policy LUMSA University (Palermo-Rome); Senator of the Italian Republic

Speakers

Contatti

Carolina Garitta

Communication, Engagement & Branding

carolina.garitta@pwc.com
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EU Foreign Subsidies Regulation – Advantage or Burden?

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