The German Parliament announces the publication of the Act against restraints of competition containing several significant adjustments of the draft that was initially put to vote

Yesterday, the 10th amendment to the German Act against Restraints of Competition (Gesetz gegen Wettbewerbsbeschränkungen – "GWB") entered into force, and with it the most substantial overhaul of German competition law in a long time. The new law contains a number of significant adjustments of the draft that was initially put to vote. This alert provides a quick overview of the new law’s most far-reaching features. A. Companies with paramount cross-market significance A novel regulatory approach targets a limited number of large "gatekeepers and intermediaries" in digital markets (new Section 19a GWB): I. Scope The German Federal Cartel Office (Bundeskartellamt - "FCO") can issue a declaratory order that a company’s market position is of "paramount cross-market significance" (the order

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Tilman Kuhn, Tobias Pesch, Justus Herrlinger, Lars Ole Peterson, Louisa Maier - Witt, The German Parliament announces the publication of the Act against restraints of competition containing several significant adjustments of the draft that was initially put to vote, 19 January 2021, e-Competitions January 2021, Art. N° 98896

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