German Antitrust Chief Says Reforms Don't Do Enough

Law360, New York (April 16, 2012, 8:43 PM EDT) -- Two weeks after Germany's Cabinet approved reforms designed to bring the country's merger control rules in line with European Union practices, Germany's antitrust chief reportedly criticized the package Monday for failing to close a loophole to keep companies from escaping cartel fines by restructuring their business.

Federal Cartel Office President Andreas Mundt described the changes as a step in the right direction, but expressed concerns that the law currently allows companies to escape antitrust fines by restructuring or letting the penalized subsidiary go bankrupt, the antitrust...
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