Cleary Gottlieb Steen & Hamilton LLP

Cleary Gottlieb Steen & Hamilton LLP is a global law firm that publishes detailed legal analyses and updates primarily focused on corporate and securities law, regulatory compliance, and international business transactions. Their publications cover a broad range of practice areas including mergers and acquisitions, capital markets, litigation and arbitration, financial institutions, and regulatory developments. The firm also addresses specialized topics such as environmental, social, and governance (ESG) issues, cybersecurity, intellectual property, and international trade. Their content often includes practical guidance on compliance with U.S. Securities and Exchange Commission regulations, corporate governance, and cross-border legal matters, reflecting their expertise in complex, multinational legal environments.

On June 30, 2026, the European Commission published its Staff Working Document (the SWD)[1] accompanying the guidelines on its enforcement of the Foreign Subsidies Regulation (FSR) (the Guidelines)[2] published on January 9, 2026.[3] The SWD sets out