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ANALYSIS: Max EU Tech Fines Are a Big Stick For Big Changes

Dec. 17, 2020, 7:09 PM

The European Union has signaled that it considers digital market competition overhauls as important as traditional cartel enforcement. The EU’s Competition Commission has always had the authority to fine a company that violates EU competition law up to 10% of overall annual turnover. Under the new Digital Markets Act and Digital Services Act proposed Dec. 15, hefty competition fines would start applying to an industry with a wide-ranging footprint — online technology platforms.

Companies designated as “gatekeepers” under the proposed Digital Markets Act would have a new set of affirmative duties and would have to refrain from a number of ...

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