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Home / Insurance / US warns of intangible risks, trade secrets in draft EU technical regulations

US warns of intangible risks, trade secrets in draft EU technical regulations



(Reuters) – Draft landmark EU rules requiring US tech giants to share information with competitors could jeopardize companies' intellectual property rights and trade secrets, the US government warned in a document seen by Reuters.

require gatekeepers – companies that control data and access to their platforms – to change their business practices and the design of their software may have implications for security and consumer protection.

The document, circulated to EU countries, the European Commission and relevant companies. , underlines the US concern that the rules will come at the expense of US companies.

Frustrated by the slow pace of the investigation, EU antitrust director Margrethe Vestager has proposed two sets of rules to curb Amazon, Apple, the Alphabet unit Google and Facebook

The Digital Markets Act sets out a list of what should and should not be done that is directly aimed at each company's core business model, reinforced by fines ranging from u.p to 1

0% of global sales.

Digital Services Act compels technology giants to do more to tackle illegal content on their platforms, with fines of up to 6% of global non-compliance turnover.

“The DMA would require gatekeepers to provide competitors with information that can be protected by intellectual property rights and trade secret laws ", the document stated.

" However, DMA does not include specific language relevant to protection

"As a result, there is concern that the DMA may override existing intellectual property rights, including the protection of trade secrets, in EU law in certain circumstances."

United States: 's government declined to comment on the document.

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Home / Insurance / US warns of intangible risks, trade secrets in draft EU technical regulations

US warns of intangible risks, trade secrets in draft EU technical regulations



(Reuters) – Draft landmark EU rules requiring US tech giants to share information with competitors could jeopardize companies' intellectual property rights and trade secrets, the US government warned in a document seen by Reuters.

require gatekeepers – companies that control data and access to their platforms – to change their business practices and the design of their software may have implications for security and consumer protection.

The document, circulated to EU countries, the European Commission and relevant companies. , underlines the US concern that the rules will come at the expense of US companies.

Frustrated by the slow pace of the investigation, EU antitrust director Margrethe Vestager has proposed two sets of rules to curb Amazon, Apple, the Alphabet unit Google and Facebook

The Digital Markets Act sets out a list of what should and should not be done that is directly aimed at each company's core business model, reinforced by fines ranging from u.p to 1

0% of global sales.

Digital Services Act compels technology giants to do more to tackle illegal content on their platforms, with fines of up to 6% of global non-compliance turnover.

“The DMA would require gatekeepers to provide competitors with information that can be protected by intellectual property rights and trade secret laws ", the document stated.

" However, DMA does not include specific language relevant to protection

"As a result, there is concern that the DMA may override existing intellectual property rights, including the protection of trade secrets, in EU law in certain circumstances."

United States: 's government declined to comment on the document.

Catalog


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