Germany Reforms Its Competition and Merger Control Law

24 June 2013
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Key takeaways:

A reform of German competition and merger control law will take effect in the coming weeks. Key aspects of the reform concern:

  • A new test for the substantive appraisal of mergers. Under the new test the German Federal Cartel Office (“FCO”) can intervene where a merger would “significantly impede effective competition”;
  • New enforcement powers that will allow the FCO to order structural and other remedies and, in order to close a loophole that allowed companies to escape from fines, impose fines on certain legal successors; and
  • The market share based threshold for the statutory presumption of a dominant market position which will be increased from 33.3 to 40%.