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Bundeskartellamt to gain power to remedy sector-wide problems under German government proposal

( April 5, 2023, 11:30 GMT | Official Statement) -- MLex Summary: The German government has agreed to reforms to the country's competition law that would hand sweeping new powers to the Bundeskartellamt to intervene in malfunctioning markets. The competition watchdog will be able to remedy competition concerns in a sector established with a market-wide inquiry. The draft law has now been sent to the national parliament.A statement in German follows. The draft law is attached....

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