Digital Services and Digital Markets Act Proposal

On December 15, 2020, the European Commission proposed an ambitious reform of the digital space, a comprehensive set of new rules for all digital services, including social media, online marketplaces, and other online platforms operating in the European Union: the Digital Services Act and the Digital Markets Act. These new rules will better protect consumers and their fundamental rights online and lead to fairer and more open digital markets for all. A modern rulebook across the single market will promote innovation, growth, and competitiveness and provide users with new, better, and reliable online services. It will also support the expansion of smaller platforms, small and medium-sized enterprises, and startups, providing them with easy access to customers across the single market while reducing compliance costs. Moreover, the new rules will prohibit the imposition of unfair terms by online platforms that have become or are expected to become gatekeepers of the single market.