German antitrust authority has not yet used new powers
- The German Federal Cartel Office (Bundeskartellamt) has not yet used its new powers to break up dominant companies.
- The new powers were granted to the Cartel Office in January 2023 as part of the 10th Amendment to the German Competition Act.
- The powers allow the Cartel Office to order the breakup of companies with a market share of more than 40% if they are found to be abusing their dominant position.
- The Cartel Office has said that it is still investigating whether any companies meet the criteria for breakup.
- Some experts have criticized the Cartel Office for not being more aggressive in using its new powers.
- The Cartel Office has defended its record, saying that it is important to take a cautious approach to avoid unintended consequences.
The German Federal Cartel Office (Bundeskartellamt) has not yet used its new powers to break up dominant companies. The new powers were granted to the Cartel Office in January 2023 as part of the 10th Amendment to the German Competition Act. The powers allow the Cartel Office to order the breakup of companies with a market share of more than 40% if they are found to be abusing their dominant position.
The Cartel Office has said that it is still investigating whether any companies meet the criteria for breakup. Some experts have criticized the Cartel Office for not being more aggressive in using its new powers. The Cartel Office has defended its record, saying that it is important to take a cautious approach to avoid unintended consequences.
The Cartel Office’s new powers are part of a broader effort by the German government to crack down on anti-competitive behavior. In recent years, the Cartel Office has imposed large fines on companies such as Google, Amazon, and Facebook for violating antitrust laws.
The Cartel Office’s new powers are a significant development in German antitrust law. They give the Cartel Office the ability to take more aggressive action against dominant companies. It remains to be seen how the Cartel Office will use its new powers, but it is clear that the German government is serious about promoting competition.
Kartellamt hat neue Befugnisse noch nicht genutzt
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