openPR Logo
Press release

GRP Rainer Rechtsanwälte: Experience in antitrust law – 9th amendment to the GWB

06-30-2017 02:14 PM CET | Politics, Law & Society

Press release from: GRP Rainer LLP

GRP Rainer Rechtsanwälte: Experience in antitrust law – 9th

Antitrust law is not something that merely concerns large corporations. It also affects small and medium-sized businesses. Violations of antitrust law can be met with severe penalties.

In March, the Bundestag and Bundesrat, Germany’s lower and upper houses of parliament, passed the 9th amendment to the Gesetz gegen Wettbewerbsbeschränkungen (GWB) [Act Against Restraints of Competition]. We at the commercial law firm GRP Rainer Rechtsanwälte note that this entails a tightening of the rules in the fields of competition law and antitrust law, as the changes make it easier for those who have been aggrieved by cartel arrangements to assert claims for damages. On the other hand, it also means that businesses which infringe antitrust law will be faced with a greater risk.

The 9th amendment to the GWB is designed to implement the EU Directive on Damages in EU Cartel Cases. One focus of the amendment is to adapt competition law to the digital age. Because it is not uncommon, especially in this field, for market concentration or abuse of a dominant market position to occur, control of mergers and abusive practices will be bolstered by the competition authorities.

An equally important point is that parties who have suffered loss due to a cartel will be able to more easily enforce claims for damages. In the event of a cartel infringement, the competition watchdog can administer the cartel members with a fine and the aggrieved parties can, as the case may be, sue for damages. That being said, they have to demonstrate the fact that and the extent to which they have suffered losses as a result of the cartel. There will now be a legal presumption that loss has been suffered due to the infringement. This presumption needs to be rebutted by the cartelists, thus the burden of proof has shifted. Furthermore, the victims will enjoy more comprehensive rights in relation to the submission of the relevant documents.

Another key point is that it is now also possible for the parent company or its legal successor to be held liable for infringements of antitrust law committed by its subsidiaries. This is meant to prevent companies from evading liability by restructuring within a group.

But antitrust law is not only aimed at large companies. Small and medium-sized businesses must also be increasingly careful not to violate antitrust law, as this can prove to be expensive. Lawyers who are experienced in the field of antitrust law can provide companies with pre-emptive advice and, of course, also assist in enforcing or fending off damages claims.

GRP Rainer LLP is an international firm of lawyers and tax advisors who are specialists in commercial law. The firm counsels commercial and industrial companies and corporations, as well as associations, small- and mid-sized businesses, self-employed freelancers and private individuals worldwide from offices Cologne, Berlin, Bonn, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London UK.

Contact Michael Rainer
Lawyer, Managing Partner

GRP Rainer LLP
Augustinerstraße 10
50667 Cologne

Phone: +49 221-27 22 75-0

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release GRP Rainer Rechtsanwälte: Experience in antitrust law – 9th amendment to the GWB here

News-ID: 603382 • Views: 1897

More Releases for Rechtsanwälte

GRP Rainer Rechtsanwälte – Experience in establishing companies
Choosing the right corporate form when establishing a company can contribute a great deal to the economic success of the business. We at the commercial law firm GRP Rainer Rechtsanwälte advise numerous businesses on company formation and takeovers as well as in the event of a change of partners or shareholders. In our experience, the partners or shareholders frequently neglect one critical point amidst all the euphoria: choosing the right corporate
GRP Rainer Rechtsanwälte: Experience drafting Berliner Testaments
Spouses ought to be afforded financial security in the event of their partner’s death. Many married couples want this to happen and therefore prepare a joint will, also referred to as a “Berliner Testament” (Berlin will). In the absence of a will or contract of inheritance, the rules of intestate succession apply. We at the law firm GRP Rainer Rechtsanwälte note that this generally means that the spouse inherits half of
GRP Rainer Rechtsanwälte: Experience in enforcing claims following trademark vi …
If a registered trademark is infringed, it is possible to take action against this. GRP Rainer Rechtsanwälte is experienced in enforcing and fending off claims arising from trademark violations. Trademarks create greater brand recognition among consumers and in doing so foster customer loyalty. It is therefore crucial for businesses to have their trademarks protected to prevent competitors from profiting from their success. As a commercial law firm with a great deal of
GRP Rainer Rechtsanwälte: Assessing managers’ liability risk
Company managers bear a high level of not only responsibility but also risk. Various measures can be taken to reduce the risk of directors’ and officers’ (D&O) liability. When a crisis or insolvency occurs, the manager’s accountability and thus also his personal liability are issues that ever more rapidly take centre stage. Liability claims directed at executive boards, supervisory boards or managing directors can arise even in cases involving simple negligence.
GRP Rainer Rechtsanwälte – Assessing trademark violations
Protecting your brand is crucial. One ought to take resolute action against trademark violations. That being said, you should first assess whether a trademark violation has in fact occurred. Trademarks result in greater brand recognition among consumers and are accordingly of great significance to businesses. It is therefore all the more important to seek protection for one’s own brand and take a rigorous approach to trademark violations. Having said that, it
GRP Rainer Rechtsanwälte: Experience in enforcing antitrust claims
Parties that have suffered loss as a result of the truck cartel are entitled to compensation. The law firm GRP Rainer Rechtsanwälte has the requisite experience in enforcing these kinds of claims. GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: Buyers and lessees of the affected vehicles suffered extreme losses due to illegal price-fixing agreements arranged by the truck manufacturers Daimler,