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08 april 2021
CMS Green Guid­an­ce - Help, het kli­maat be­dreigt mijn le­ning
Duur­zaam­heid in fi­nan­ci­ë­le dienst­ver­le­ning is een vak­ge­bied waar­in ex­per­ti­ses op het ge­bied van fi­nan­cie­ring, duur­zaam­heid, com­pli­an­ce en legal el­kaar vin­den. In CMS Green Guid­an­ce de­len we maan­de­lijks...
06/04/2021
CMS IP/TMC up­da­te april 2021
De con­ti­nue ont­wik­ke­ling op het ge­bied van IP & TMT gaat ge­paard met een toe­ne­men­de rol van tech­no­lo­gie, een con­ti­nu ver­schui­ving van de of­fli­ne naar de on­li­ne we­reld en de bij­be­ho­ren­de ver­an­de­ren­de re­gel­ge­ving...
06 april 2021
EU is­sues draft of Di­gi­tal Mar­kets Act ai­med at cre­a­ting a new and fair...
The Eu­ro­pean Com­mis­si­on has pu­blis­hed a draft pro­po­sal for a new com­pe­ti­ti­on law fra­me­work for lar­ge on­li­ne plat­forms, cal­l­ed the Di­gi­tal Mar­kets Act (DMA). The Com­mis­si­on pro­po­sed the DMA due to the...
01 april 2021
Di­gi­tal Mar­kets Act: a new and fair bu­si­ness fra­me­work for lar­ge plat­forms
The Eu­ro­pean Com­mis­si­on has pu­blis­hed the draft pro­po­sal for a new com­pe­ti­ti­on law fra­me­work for lar­ge on­li­ne plat­forms, cal­l­ed the Di­gi­tal Mar­kets Act (the “DMA”). The rea­son the Com­mis­si­on pro­po­sed the DMA is that a small num­ber of lar­ge on­li­ne plat­forms cap­tu­re the big­gest sha­re of over­all va­lue ge­ne­ra­ted in Eu­ro­pe’s di­gi­tal eco­no­my, and the­se plat­forms ha­ve emer­ged by be­ne­fit­ting from sec­tor charac­te­ris­tics such as strong net­work ef­fects, of­ten em­bed­ded in their own plat­form eco­sys­tems. The­se plat­forms re­pre­sent the key struc­tu­ring ele­ments in to­day’s di­gi­tal eco­no­my, in­ter­me­di­a­ting the ma­jo­ri­ty of trans­ac­ti­ons bet­ween end users and bu­si­ness users. A few lar­ge plat­forms in­cre­a­sin­gly act as ga­te­ways or ga­te­kee­pers bet­ween bu­si­ness users and end users, and en­joy a long-term, en­tren­ched po­si­ti­on, of­ten as a re­sult of the cre­a­ti­on of con­glo­me­ra­te eco­sys­tems around their co­re plat­form ser­vi­ces, which rein­for­ces exis­ting en­try bar­riers.The DMA deals with tho­se lar­ge on­li­ne plat­forms ac­ting as ga­te­kee­pers in di­gi­tal mar­kets. The DMA aims to en­su­re that:the­se plat­forms be­ha­ve fair­ly on­li­ne;in­no­va­tors and tech­no­lo­gy start-ups will ha­ve new op­por­tu­ni­ties to com­pe­te and in­no­va­te in the on­li­ne plat­form en­vi­ron­ment wit­hout ha­ving to com­ply with un­fair terms and con­di­ti­ons that li­mit their de­vel­op­ment;con­su­mers will ha­ve mo­re and bet­ter ser­vi­ces to choo­se from, mo­re op­por­tu­ni­ties to switch their pro­vi­der if they so wish, di­rect ac­cess to ser­vi­ces, and fai­rer pri­ces. Who are the ga­te­kee­pers? Ga­te­kee­pers are co­re plat­form ser­vi­ces which meet the qua­li­ta­ti­ve and quan­ti­ta­ti­ve cri­te­ria set out in the DMA. Co­re plat­form ser­vi­ces in­clu­de on­li­ne in­ter­me­di­a­ti­on ser­vi­ces, search en­gi­nes, so­ci­al net­wor­king ser­vi­ces, vi­deo-sha­ring plat­form ser­vi­ces, num­ber-in­de­pen­dent in­ter­per­so­nal com­mu­ni­ca­ti­on ser­vi­ces, ope­ra­ting sys­tems, cloud com­pu­ting ser­vi­ces, ad­ver­ti­sing ser­vi­ces in­clu­ding any ad­ver­ti­sing net­works, ad­ver­ti­sing ex­chan­ges and any other ad­ver­ti­sing in­ter­me­di­a­ti­on ser­vi­ces, pro­vi­ded by a pro­vi­der of any of the co­re plat­form ser­vi­ces li­sted abo­ve.A co­re plat­form ser­vi­ce qua­li­fies as a ga­te­kee­per, if:it has a sig­ni­fi­cant im­pact on the in­ter­nal mar­ket, which is pre­su­med if it achie­ves an an­nu­al EEA tur­n­over equal to or abo­ve EUR 6.5 bil­li­on in the three pre­ce­ding fi­nan­ci­al ye­ars, or whe­re the aver­a­ge mar­ket ca­pi­ta­li­sa­ti­on or the equi­va­lent fair mar­ket va­lue of the un­der­ta­king to which it be­longs amoun­ted to at least EUR 65 bil­li­on in the pre­ce­ding fi­nan­ci­al year, and it pro­vi­des a co­re plat­form ser­vi­ce in at least three Mem­ber Sta­tes;it ope­ra­tes a co­re plat­form ser­vi­ce which ser­ves as an im­por­tant ga­te­way for bu­si­ness users to reach end users, which is pre­su­med if it has mo­re than 45 mil­li­on month­ly ac­ti­ve end users es­ta­blis­hed or lo­ca­ted in the Union and mo­re than 10,000 ye­ar­ly ac­ti­ve bu­si­ness users es­ta­blis­hed in the EU in the pre­ce­ding fi­nan­ci­al year;it en­joys a long-term, en­tren­ched po­si­ti­on in its ope­ra­ti­ons or it is fo­re­see­able that it will en­joy such po­si­ti­on in the near fu­tu­re, which is pre­su­med if the thres­holds in point b) we­re met in each of the three pre­ce­ding fi­nan­ci­al ye­ars.   What are the ga­te­kee­pers’ main obli­ga­ti­ons? Do’s and Don’ts     What kind of tools and po­wers do the Com­mis­si­on and other bo­dies ha­ve? The DMA grants po­wers and dif­fe­rent pro­ce­du­ral rights to the Eu­ro­pean Com­mis­si­on and es­ta­blis­hes the Di­gi­tal Mar­kets Ad­vi­so­ry Com­mit­tee for is­suing opi­ni­ons in is­sues re­la­ted to the DMA.The DMA gi­ves the Com­mis­si­on the fol­lo­wing po­wers:to de­sig­na­te co­re plat­form ser­vi­ces that meet the DMA cri­te­ria as ga­te­kee­pers;to re­view ad-hoc the sta­tus of ga­te­kee­pers on re­quest or on its own;to re­view at two-year in­ter­vals the sta­tus of ga­te­kee­pers;to spe­ci­fy me­a­su­res to be ta­ken by ga­te­kee­per to com­ply with the DMA;to sus­pend cer­tain ga­te­kee­per obli­ga­ti­ons un­der the DMA at a ga­te­kee­per’s re­quest, if the ga­te­kee­per de­mon­stra­tes that com­pli­an­ce with that spe­ci­fic obli­ga­ti­on would en­dan­ger its eco­no­mic vi­a­bi­li­ty;to exempt a ga­te­kee­per from cer­tain obli­ga­ti­ons un­der the DMA on the grounds of pu­blic mo­ra­li­ty, pu­blic he­alth or pu­blic se­cu­ri­ty;to ini­ti­a­te mar­ket in­ves­ti­ga­ti­ons:lo­wer-ro­man­to exa­mi­ne whe­ther a pro­vi­der of co­re plat­form ser­vi­ces should be de­sig­na­ted as a ga­te­kee­per;in­to sys­te­ma­tic non-com­pli­an­ce by a ga­te­kee­per;to exa­mi­ne whe­ther cer­tain ser­vi­ces in the di­gi­tal sec­tor should be ad­ded to the list of co­re plat­form ser­vi­ces and iden­ti­fy prac­ti­ces that might li­mit the con­tes­ta­bi­li­ty of co­re plat­form ser­vi­ces or might be un­fair.The DMA grants in­ves­ti­ga­ti­ve, en­for­ce­ment and mo­ni­to­ring po­wers to the Com­mis­si­on du­ring its pro­ceedings, ba­sed on which the Com­mis­si­on is en­tit­led to:re­quest in­for­ma­ti­on from any un­der­ta­kings and from the govern­ments and au­tho­ri­ties of EU mem­ber sta­tes;ac­cess da­ta ba­ses and al­go­rithms;in­ter­view any pri­va­te per­son or legal en­ti­ty to col­lect in­for­ma­ti­on re­la­ting to the sub­ject-mat­ter of an in­ves­ti­ga­ti­on;con­duct on-si­te in­spec­ti­ons at the pre­mi­ses of any un­der­ta­kings, in­clu­ding to­gether with au­di­tors and ex­perts;or­der in­te­rim me­a­su­res against a ga­te­kee­per on the ba­sis of a pri­ma fa­cie fin­ding of an in­frin­ge­ment of obli­ga­ti­ons un­der the DMA;mo­ni­tor the ef­fec­ti­ve im­ple­men­ta­ti­on and com­pli­an­ce with the obli­ga­ti­ons un­der the DMA.   What will the sanc­ti­ons for non-com­pli­an­ce be? If the Com­mis­si­on adopts a non-com­pli­an­ce de­ci­si­on in which it finds that a ga­te­kee­per does not com­ply with one or mo­re obli­ga­ti­ons un­der the DMA, the Com­mis­si­on may fi­ne a ga­te­kee­per.The maxi­mum amount of a fi­ne is 10% of the to­tal world­wi­de an­nu­al tur­n­over of the ga­te­kee­per in the ca­se of a ma­te­ri­al breach of the obli­ga­ti­ons un­der the DMA, and a maxi­mum 1% in the ca­se of a less se­rious breach of obli­ga­ti­ons un­der the DMA.The Com­mis­si­on is al­so en­tit­led to or­der pe­ri­o­dic pe­nal­ty pay­ments of up to 5% of the aver­a­ge dai­ly tur­n­over in cer­tain ca­ses de­fi­ned in the DMA.In the ca­se of sys­te­ma­tic bre­a­ches of the DMA obli­ga­ti­ons by ga­te­kee­pers, ad­di­ti­o­nal re­me­dies may be im­po­sed af­ter a mar­ket in­ves­ti­ga­ti­on. Such re­me­dies will need to be pro­por­ti­o­na­te to the of­fen­ce com­mit­ted. If ne­ces­sa­ry and as a last re­sort, non-fi­nan­ci­al re­me­dies can be im­po­sed. The­se can in­clu­de be­ha­vi­ou­ral and struc­tu­ral re­me­dies, e.g. the di­ves­ti­tu­re of (parts of) a bu­si­ness.   What are the next steps? The Eu­ro­pean Par­li­a­ment and Mem­ber Sta­tes will dis­cuss the Com­mis­si­on’s pro­po­sal ac­cor­ding to the or­di­na­ry le­gis­la­ti­ve pro­ce­du­re, which will ta­ke at least 18 months. On­ce adop­ted, the Act will di­rect­ly ap­ply across the EU and the co­re plat­form ser­vi­ce pro­vi­ders will ha­ve six months to pre­pa­re for the new legal re­gime.We will con­ti­nuous­ly mo­ni­tor the sta­tus of the le­gis­la­ti­ve pro­cess and keep you up­da­ted on any chan­ges to the draft text of the DMA.
01 april 2021
DOH gaat sa­men­wer­king aan met Eu­ro­pean Ener­gy voor zon­ne­park-pro­ject in...
Duur­za­me Ont­wik­ke­lings­maat­schap­pij Hol­land, een ont­wik­ke­laar van duur­za­me ener­gie­pro­jec­ten, is een lang­du­ri­ge sa­men­wer­king aan­ge­gaan met het Deen­se Eu­ro­pean Ener­gy voor de ont­wik­ke­ling van een zon­ne­park...
31 maart 2021
CMS be­ge­leidt Hes­sing Su­per­vers bij ‘fa­briek van de toe­komst’
CMS heeft Hes­sing Su­per­vers be­ge­leid bij haar pro­ject in Noord-Lim­burg (Ven­lo-re­gio), waar de pro­du­cent van ge­sne­den groen­te en fruit haar nieu­we ‘fa­briek van de toe­komst’ zal re­a­li­se­ren en waar haar...
29 maart 2021
Fa­cing the fu­tu­re of in­ter­na­ti­o­nal ar­bi­tra­ti­on
New pod­cast se­ries ex­plo­ring the evol­ving chal­len­ges and in­no­va­ti­ons of in­ter­na­ti­o­nal ar­bi­tra­ti­on by the mem­bers of the CMS In­ter­na­ti­o­nal Ar­bi­tra­ti­on Group
29 maart 2021
ED­PS & ED­PB re­lea­se joint opi­ni­on on the Da­ta Gover­nan­ce Act
On 10 March 2021, the ED­PB and the ED­PS re­lea­sed their joint opi­ni­on on the Da­ta Gover­nan­ce Act (DGA), the Eu­ro­pean Com­mis­si­on’s Pro­po­sal for a Re­gu­la­ti­on on Eu­ro­pean da­ta gover­nan­ce. The DGA is an...
26 maart 2021
Oil & Gas / Ship­ping – The Ever Gi­ven
The Su­ez Ca­nal ope­ned in 1869. Along with the Pa­na­ma Ca­nal, it is one of the most im­por­tant ma­ri­ti­me “short­cuts” ever built. To­day, the ca­nal is 193km (120 mi­les) long and is one of the bu­siest wa­ter­ways...
25/03/2021
News­flash Ener­gy: Over­zicht wet­ge­ving – ja­nu­a­ri en fe­bru­a­ri 2021
On­der­staand treft u een over­zicht aan van par­le­men­tai­re stuk­ken die be­trek­king heb­ben op de ener­gie­sec­tor en in ja­nu­a­ri en fe­bru­a­ri 2021 zijn ge­pu­bli­ceerd.Kli­maat1. Eind­rap­port stu­die­groep Kli­maat­op­ga­ve...
24 maart 2021
Eu­ro­pe­se M&A-markt meer 'ko­per-vrien­de­lijk' door CO­VID-19
In Eu­ro­pa heerst weer een meer 'ko­per-vrien­de­lijk' kli­maat, na­dat de CO­VID-19 pan­de­mie tot meer ri­si­co­mij­dend ge­drag leid­de. De jaar­lijk­se M&A-stu­die van CMS con­sta­teert een toe­na­me van de hoog­te van...
24 maart 2021
CMS Ex­pert Gui­de to Eu­ro­pean ca­re ho­mes
The world is get­ting ol­der by the mi­nu­te.Ac­cor­ding to the the 2021 Ageing Re­port of the EU, the old-age de­pen­d­en­cy ra­tio in the EU’s de­mo­grap­hic old-age de­pen­d­en­cy ra­tio (i.e. the ra­tio bet­ween pe­o­p­le...
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