A PYMNTS Company

Spain: CNMC bashes Gov. plans to regulate Uber & Cabify

By  |  December 19, 2017

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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.