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As the European Union targets giant-generation corporations, the main antitrust authority, Margrethe Vestager, has warned that it opposes the structural collapse of giant-generation corporations (through The Information).
The comments were surprising, as Vestager has aggressively conducted antitrust investigations opposed to corporations such as Apple, Google and Amazon in recent years. ($14. 5 billion) in taxes to the Irish government.
During a debate on the long-term regulation in the EU, he warned that while it would be “feasible” to force the dissolution of giant-generation corporations under existing EU legislation, this could lead to a number of accidental consequences. He said, there are potentially long legal battles between European regulators and generation corporations themselves.
“I don’t think it’s anything that deserves to be included in this law and I think we have to be very careful with this kind of remedy, because you have to be very sure how it would work,” Vestager said. I’ll tie you to court for a long, long time. I think it’s vital that we review those routes first with the platforms. “
Vestager is one of the leading European bureaucrats who has been drafting the vast Digital Services Act lately. The legislation introduces a number of competitive regulations on giant generation companies, such as knowledge percentage obligations with competition and not giving preference to a company’s programs and services.
The comments put Vestager at odds with many other senior European officials, adding European Internal Market Commissioner Thierry Breton, who strongly indicated the need to force the dissolution of giant-generation corporations in certain circumstances.
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