EU flags waving in front of European Parliament building. Brussels, Belgium. Credit: Grecaud Paul/Adobe Stock After EU Elections, Next Competition Chief May Preside Over New Chapter in EU Antitrust History
The next head of the world's toughest antitrust enforcer will be appointed later this summer and will have to manage two new and sweeping laws.
June 10, 2024 at 02:31 PM
5 minute read
During the decade Margrethe Vestager oversaw the EU's powerful Directorate-General for Competition, the agency penalized Apple, Google, and other tech companies with multiple billion-euro fines and proposed bold new antitrust enforcement guidelines that would allow the regulator to penalize a wider range of anti-competitive behavior.
The Directorate-General also adopted the landmark Digital Markets Act, an antitrust law tailormade for Big Tech, and the Foreign Subsidies Regulation, which broke ground for applying the EU's state aid regime to companies that benefited from foreign subsidies.
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