INTERNATIONAL: GERMANY - MERGER - REMEDIES - BUNDESKARTELLAMT - CONDUCT CONTROL - UP-FRONT BUYER DIVESTITURE

Germany: The Bundeskartellamt’s new Guidance on Remedies in Merger Control (May 2017)

On May 30th, the Bundeskartellamt published its Guidance on Remedies in Merger Control in order to explain the requirements that need to be met for the authority to clear a concentration that would significantly impede effective competition subject to remedies. This article covers the specific structure of the guidance document that highlights the three guiding principles of the authority: a clear preference for divestiture remedies, the refusal of remedies that subject the conduct of the companies involved to continued control and a preference for an up-front buyer divestiture. The article provides detailed information on the last two principles including the case practice of the authority as well as the case law of the German courts. Furthermore, the article provides comments on the opinions of the Bundeskartellamt and takes into account the case practice of the Autorité de la concurrence and the European Commission.

1. Bien que les autorités de concurrence autorisent fréquemment une opération de concentration portant significativement atteinte à la concurrence sous réserve de certaines conditions et/ou obligations [1], une telle procédure d’autorisation entraîne des difficultés tant pour l’autorité que pour les entreprises concernées. Lors de l’examen d’une concentration, l’un des plus grands défis auxquels l’autorité et les parties à la concentration se heurtent réside dans la question de savoir quel engagement serait un remède à la fois approprié pour compenser les effets anticoncurrentiels de l’opération et proportionné. De plus, il faut se demander comment on peut garantir la mise en œuvre et le contrôle des engagements proposés. Compte tenu de ces difficultés et du temps limité dont dispose l’autorité de concurrence

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Markus Welzenbach, Germany: The Bundeskartellamt’s new Guidance on Remedies in Merger Control (May 2017), November 2017, Concurrences Review N° 4-2017, Art. N° 84890, pp. 200-209

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