Law360, New York (June 15, 2017, 1:03 PM EDT) -- On June 9, 2017, the Ninth Amendment to the German Act against Restraints of Competition entered into force. The amendment introduces a transaction value and a significant activity test relating to the target that complements the existing merger control thresholds. The amendment is a reaction to an economic development in which significant dispositions of companies active in the fields of research, digitalization and big data but with yet small revenue become more and more important.
The amendment also introduces other legislative changes that concern the implementation of the EU private damages directive, new consumer protection powers for the German Federal Cartel...
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