Brazil’s government on Thursday recommended a refined a refunded a refunded Obligations If Necessary.
Why its important
Brazil’s Finance Ministry Says that Local Legislation Needs to Be Equipped With More Tools to Address a New Reality Where Big tech firmsDue to their size and market power, inhibit competition.
The government mentions practices such as exclusiveness agrements, “Killer Acquisitions,” and Self-Preference, Where A Company’s Own Products, Or Services,, appear first in Interant SEARSTS.
Details
New requirements would include Pre-Merger Notifications, Transparency Rules for End-Rules and Businesses Regarding Commercially Relevant Information On Service and Product Usage and Product Usage and Opteries Disclose changes in terms of service or conditions.
Additional backgrounds
The government said that the proposed legislative change is a middle ground between the US and the European Union (EU) Models for Regulating Large Tech Platforms, Drawing Inspiration from PROM PROMTIDED In Japan, The united kingdom and Germany.
What’s Next
For the changes to take effect, the government must have to submit the recommendations as a new bill to congress or introduce a substitute text that count be encorded into an existing legery Proposal already under consider.
Key Quotes
“What we are proposing here is very reasonable and balanced,” Economic Reforms Secretary Marcos Pinto Told A Press Conference, Adding He Predicts Action on the matter to be taken by the ann yaar.
“Our goal is not to hinder innovation, impose unnecessary costs or create bureaucracy where it is not needed.
© Thomson Reuters 2024
(This story has not been edited by ndtv staff and is auto-generated from a syndicated feed.)