Spain’s National Commission of Markets and Competition (CNMC) said on Friday that the draft submitted by the Ministry of Development to regulate passenger transport in Spain will restrict competition.
The CNMC has criticized some of the requirements that this law would impose on the drivers of Uber, Cabify and other companies as “unjustified and disproportionate.” These measures include the prohibition of reselling vehicle licenses with VTC drivers during the first two years, and the possible obligation to inform the authorities “before their start” each trip.
The taxi sector has been protesting against the increase in VTC licenses for months and has asked the Ministry to reduce the number of licenses of this type. The taxi unions were present in the strikes over May and November of this year, arguing that the increase in VTC licenses jeopardizes the viability of the 70,000 taxi companies in Spain.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Subscribers Defend $4.7 Billion Antitrust Verdict Against NFL in Court Filings
Jul 19, 2024 by
CPI
Von der Leyen Calls for Competition Policy to Boost EU Companies’ Growth
Jul 19, 2024 by
CPI
Vermont AG Sues Pharmacy Benefit Managers Over Drug Prices
Jul 18, 2024 by
CPI
Australians Face Increased Stamp Prices Following ACCC Approval
Jul 18, 2024 by
CPI
Live Nation Seeks Dismissal of DOJ Antitrust Allegations
Jul 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI