Eyeing Energy Firms, Germany To Tighten Cartel Law

Law360, New York (April 25, 2007, 12:00 AM EDT) -- In a move aimed at curbing skyrocketing energy prices in Europe, the German government on Wednesday gave the green light to changes to the country’s competition laws that give regulators more power to crack down on "excessive" pricing by energy firms.

The Economy Ministry on Wednesday approved the legislation, stating that it has observed developments in the energy and retail sectors which threaten to harm competition and German consumers, Reuters reported, citing a government official. The legislation, if approved, would automatically expire in 2012.

The government...
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