In Short - The Situation: On July 10, 2023, the European Commission ("EC") adopted the Implementing Regulation ("IR") and the corresponding notification forms (Form FS-CO.
The FSR is a new regulatory regime requiring prenotification of certain large M&A transactions and public tenders involving companies that receive subsidies directly or indirectly from governments outside the EU.
The spoil banks project already is the subject of a federal lawsuit, a state lawsuit and investigations by agencies including the Army Corps of Engineers, the EPA and the state Legislative Auditor.
The OIG says that the city used tens of thousands of dollars in public funds to buy specialized rims and tires for commanders’ vehicles and that state laws prohibit making purchases of more than $20,000 without a public bid.
Almost two dozen findings were listed in the annual audit of LCG books, several of them related to the controversial spoil banks project in St. Martin Parish.