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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):