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In January 2021, the European Commission fined Valve and five video game publishers EUR 7.8 million for geo-blocking practices. The General Court has now upheld the EC's characterisation of geo-blocking practices as being a "by object" restriction of competition violating Article 101(1) TFEU. This article looks at the case and how the court balanced the interplay between IP and competition law.
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The Digital Services Act (DSA), which creates harmonised EU rules for the regulation of intermediary services and illegal online content, has been published in the Official Journal of the European Union on 27 October. The DSA will enter into force on 16 November 2022, 20 days after its publication. The majority of the DSA's provisions will apply from 17 February 2024, although there are exceptions notably for (i) reporting obligations for online platforms and search engines and (ii) providers that are designated as a “Very Large Online Platform” (VLOP) or “Very Large Online Search Engine” (VLOSE) where requirements can start applying earlier.
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The regulatory landscape for digital services is being fundamentally redefined in the European Union (EU), with a boom in the number of legislative initiatives progressively introduced and increasing extraterritorial reach. This briefing provides a bird's eye view of some of the most recent adopted and pending proposals: the Digital Services Act, the Data Governance Act, the Digital Markets Act, the Data Act, the Cybersecurity Directive (NIS2), the Artificial Intelligence Act and the e-Privacy Regulation.
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The Digital Markets Act (DMA), the novel regulatory regime for large digital companies - the so-called gatekeepers - has been published in the Official Journal (OJ) of the European Union today. As a result, as provided in the DMA, it will enter into force 20 days after the publication in the OJ, i.e., on 1 November 2022. A limited number of provisions will start applying on this date.
ReadThis article takes a comparative view of new legislation introduced in China and the EU to deal with antitrust challenges arising from the rapidly evolving digital economy. The authors review the two regimes with respect to legislative background, scope of application, approach to conduct issues and merger control, as well as expectations about future enforcement.
ReadOn 14 September 2022, the General Court of the European Union (General Court) largely upheld the European Commission's (EC) 2018 Android Decision (Decision) finding that Google had abused multiple dominant positions in relation to the Android mobile operating system platform in order to strengthen and expand Google's position in web search. The General Court annulled the EC's finding in relation to Google's revenue-sharing agreements (RSAs) and set the amount of the fine imposed on Google at €4.125 billion (reduced by 5% from €4.343 billion).
ReadIn the latest interim report published by the Australian anti-trust regulator (ACCC) as part of its ongoing inquiry into digital platform services, the ACCC recommended a number of reforms to ensure that Australian consumers and small businesses can benefit from continued competition, investment and innovation in digital platform services.
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The semiconductor industry is in the process of being reshaped by a sustained period of mergers and acquisitions. The past few years have seen hundreds of billions of dollars in transactions across the US, UK, Europe and Asia, and major players have indicated they expect to continue this acquisition streak. This article looks at what is driving this M&A, how the regulators are approaching it and the current microchip supply chain crisis.
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Eco-fashion" and "sustainable fashion" have become buzzwords amongst fashion retailers in recent years, as consumers have become increasingly aware of sustainability concerns. Shoppers are regularly searching for more environmentally friendly shopping options – a 2021 government survey demonstrated that 52 per cent of UK consumers based their purchasing decisions on a brand's eco-credentials. As a result, fashion brands have been quick to highlight to customers their ethical and eco-credentials, such as announcing initiatives to reduce carbon emissions, releasing "sustainable" ranges, and creating new roles for staff focused on sustainability issues. However, fashion brands, both in the luxury and "fast fashion" sectors, have historically been found to make environmental claims that could be seen as misleading, known as "Greenwashing". Regulators and analysts have been racing to curb exaggerated sustainability claims.
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The judgment highlights the importance of defendants adducing robust economic evidence to show that their rebates are not capable of foreclosing competition.
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Sydney counsel Rob Tang and senior associate Ryan Draper examine broader trends behind Australia's crucial antitrust developments in the past two years, and key developments to expect over the course of the next year. They will also discuss the impact of such developments on digital tech platforms operating in an intensifying regulatory environment in Australia with increased consumer-driven and anti-competition litigation in the sector.
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We are delighted to be hosting the 2024 TradFi Meets Blockchain Policy Summit on behalf of Capitol Asset Strategies at our office in New York. Join us for thoughtful panel conversations focused on traditional capital markets use of distributed ledger technology to sell and distribute regulated "tokenized" financial products and the real business and regulatory challenges to wider adoption. You will hear from expert business leaders, legal professionals and policy leaders with panelists and attendees spanning traditional finance and crypto-native, all together in one room for insights on this growing market. | See the full agenda and speaker line up or register here.
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