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Regulatory barriers must be tackled for sharing economy to succeed in Europe

Sue McLean, Morrison & Foerster | March 1, 2016
European Parliament and European Commission have both released reports highlighting challenges for the sharing economy.

In terms of next steps, the Commission is now carrying out an in-depth analysis of the replies to the public consultation and is expected to publish a full report in early March 2016.

Erasmus said, 'There is no joy in possession without sharing'. Thanks to the proliferation of new 'sharing economy' digital platforms, millions of strangers around the world are now experiencing both the joy - and the financial benefits - of shared resources. European governments and institutions have also caught up with the scale of the potential economic opportunity.

However, it's clear that we have work to do in Europe to address existing legal barriers and challenges if the sharing economy is going to move from being disruptive to an established part of the economy.


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