EU Has Published Digital Markets Act (DMA)

On October 12, 2022, the Digital Markets Act (DMA) has been published in the Official Journal of the European Union. The DMA came into effect on November 1st, 2022 and will start applying six months after its entry into force, i.e. on 2 May 2023. The DMA introduces a variety of per se prohibitions and obligations on "big tech" in order to address concerns about "contestability" and "fairness" in the digital economy. Competition cases served as inspiration for the rules. The European Commission will designate some suppliers of "key platform services" that meet a number of requirements as "gatekeepers" under the DMA. The designated "gatekeepers" will have six months to begin complying to the DMA requirements after being specifically identified. While the scope and effects of this law are open to debate, it seems inevitable that it will affect major enterprises. In this article, we will examine all these topics about the DMA in detail.