GERMAN LAW AIMS TO TACKLE THE MARKET POWER OF DIGITAL GIANTS
14.01.2021
EurActiv (14 January 2021)
Germany is modernising its competition law to stand up to digital corporations. In the future, the Cartel Office will be able to act faster and tougher when companies dominate the market. Europe can learn from this. EURACTIV Germany reports.
The dominant market position of a few digital companies, such as Facebook and Amazon, has long been a thorn in the side of European competition watchdogs.
While they discuss EU-wide regulation in Brussels, Germany is moving ahead. On Thursday (14 January), the Bundestag will pass an amendment to the “Act against Restraints of Competition,” or “GWB” for short.
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