Germany adopts competition law reform*
Following the Parliament’s approval in early March, the Federal States Council, Germany’s second legislative chamber, has approved the most recent reform to German competition law on March 31, 2017. The new law will enter into force upon publication in the German official journal, presumably end of April/beginning of May.
The reform was triggered by the requirement to implement the EU Damages Directive into national law, but the reform is much broader and also covers other areas of competition law. The law even includes some industry specific rules (e.g., exception from the cartel prohibition under national law for certain types of press cooperation and exception from merger control rules for certain public savings banks deals). The most
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