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