California’s Antitrust Laws Set for Major Overhaul: New Proposals Target Big Tech and Enhance Competitive Practices
California is poised for a significant overhaul of its antitrust laws, with proposed reforms that could fundamentally reshape the regulatory landscape for businesses, especially in the technology sector. In response to evolving market conditions, the California Law Revision Commission (CLRC) has put forth recommendations developed by eight working groups, aiming to modernize state antitrust regulations. The suggested changes focus on enhancing the state’s existing framework to address the complexities introduced by digital markets, artificial intelligence, and increasing market consolidation. If implemented, the new guidelines could elevate the standards for anticompetitive practices in California, potentially surpassing … Read more