- November 23, 2022
On November 23, 2022, the Aspen Institute Germany and Telefónica Germany host a Digital Dish on the implementation process of the Digital Markets Act (DMA).
On Thursday, March 24, 2022, Council of the EU and the European Parliament negotiators agreed on new EU rules to limit the market power of big online platforms. This so-called Digital Markets Act (DMA) sets out clear rules for large online platforms. The legislation is aimed at preventing gatekeepers from abusing their power positions to block other companies’ access to online users. Violations result in fines of up to ten percent of its total worldwide sales in the previous fiscal year or up to 20 percent in repeated cases. Since the new regulation primarily targets U.S. American companies, the United States has followed the new regulation with rather mixed feelings. As such, the U.S. Chamber of Commerce, the nation’s largest business lobby, called the DMA “a policy of de facto discrimination against U.S.-headquartered companies.”
This event seeks to take stock of the implementation process of the DMA to evaluate further risks and opportunities of the DMA.
