Alert For The Tech Giants: Digital Markets Act Proposal

Alert for the Tech Giants: Digital Markets Act Proposal

1. Introduction 

On 15.12.2020, the Digital Markets Act Proposal (“the Proposed Regulation”) was submitted by the European Commission to the Council of the European Union. The Proposed Regulation aims to prevent abuse of dominance by large digital platforms, the so called “gatekeepers” as mentioned in the Proposed Regulation. The Proposed Regulation intends to establish a fair level of competition for the digital market, and to enable new innovators and start-ups to have chance to enter the digital market, which would also potentially result with reach to a wider choice of products and competitive prices for the respective customers.