The High Court of Justice of the Canary Islands (TSJC) has announced its support for the appeal filed by the CNMC in November 2015 against the Regulation of holiday homes in the Autonomous Community of the Canary Islands, which introduced new regulations and restrictions on private leasing of accommodation.
The CNMC considered the decree would have introduced numerous obstacles to effective competition in the market, harming citizens and violating principles of competition promotion. This includes restrictions on establishing holiday homes in tourist and hotel areas, or renting rooms individually, among others.
The TSJC ruled in favor of the position of the CNMC, upholding the main objections presented by the markets regulator and annulling the prohibition on the existence of holiday homes in tourist areas, allowing the separate rental of individual rooms and eliminating obligations for pre-registration before beginning leasing.
Full Content: CNMC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI