Apple found in breach of Digital Markets Act and charged €500m by EC [pdf]

https://ec.europa.eu/competition/digital_markets_act/cases/202522/DMA_100109_906.pdf

by JanSt • 1 year ago

5 2 1 year ago

ec.europa.eu

nabla9• 1 year ago

Apple is fined 500 million euros, if Apple does not comply within 60 days, it can be fined up to $50 million per day! (= 5% from last years daily revenue)

PERIODIC PENALTY PAYMENTS
(313) In view of the seriousness of Apple’s non-compliance with Article 5(4) of Regulation (EU) 2022/1925, as established in this Decision and considering that the non-compliance has been found to be on-going, the Commission concludes that it is necessary to impose periodic penalty payments pursuant to Article 31(1), point (h), of Regulation (EU) 2022/1925 if Apple were to fail to implement measures that bring the infringement effectively to an end within 60 calendar days from the date of
Any periodic penalty payments that may be definitively set should be sufficient to ensure compliance by Apple with this Decision and may take account of Apple’s

...

For the non-compliance referred to in Article 1, a fine of EUR 500 000 000 is imposed ...
If the addressee of this Decision fails to comply with Article 3 within 60 calendar days from the date of notification of this Decision, it shall incur periodic penalty payments not exceeding the limit stipulated in Article 31(1) of Regulation (EU) 2022/1925, from the date on which it is required to bring the non-compliance effectively to an end pursuant to Article 3, until the date on which it complies with the Decision. Apple Inc.. significant financial resources (see recitals (286) and (307) of this Decision) notification of this Decision.

https://eur-lex.europa.eu/eli/reg/2022/1925/oj/eng

Article 31
Periodic penalty payments
1. The Commission may adopt a decision imposing on undertakings, including gatekeepers where applicable, and associations of undertakings periodic penalty payments not exceeding 5 % of the average daily worldwide turnover in the preceding financial year per day, calculated from the date set by that decision, in order to compel them..

gnabgib• 1 year ago

Discussion at the time (447 points, 33 days ago, 614 comments) https://news.ycombinator.com/item?id=43770337

Apple found in breach of Digital Markets Act and charged €500m by EC [pdf]

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