EU Validates Uber And Airbnb As Legitimate Business Models

Good news for Uber and Airbnb—the EU just said banning the “sharing economy” should only be considered as an absolute last resort.

The new EU guidelines focused on dealing with Internet sharing-services say any restrictions placed on these companies by EU states should be proportionate to the public interest at stake, such as safety or social policy, Reuters reports. This comes in the wake of some European cities banning companies like Uber and Airbnb because they take businesses away from taxi companies and hotels.

While the EU guidelines are not legally binding in themselves, the Commission said it will use the guidelines as a way to ensure national legislation does not violate EU treaties. So, they sort of are legally binding, when interpreted by the Commission at least, making the new EU guidelines a huge validation of the sharing economy. [Reuters]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Inside The Nationwide Jockeying For Opportunity Zones 2.0

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Airbnb Launches $250M Fund To Invest In Affordable Housing

Brookfield Buys Minority Stake In Hyperscale Data Center Developer AREP

Judge Dismisses Suit Alleging Alexandria Misled Investors Over Portfolio Strength

How Companies Can Eliminate Shadow AI And Gain Value From Artificial Intelligence Tools

Canadian CRE Investors Shrug Off Trade War, Spend $9B On U.S. Assets