Setting prices in a keen competition

Using creative leeway with legal certainty –

Breaches of the competition laws may have serious consequences. First and foremost, there is the monetary fine imposed on companies. This can amount to maximum 10 % of the entire sales volume generated by the group of companies in the previous year. Furthermore, the German Federal Cartel Office (Bundeskartellamt) is entitled to impose a fine on the staff members who are involved personally. In many cases, the risk of competition law infringements is even greater because, apart from the fines, the company may be threatened with claims for damages by the injured parties, the ineffectiveness...

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Issue 02/2014 Day 1: Tuesday, 18th February 2014

Economy and law

62 Using creative leeway with legal certainty – Setting prices in a keen competition Preisgestaltung im harten Wettbewerb – Gestaltungsspielräume rechtssicher nutzen Dr. Thomas Kapp 64 The new...

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Issue 02/2015 Chances and legal risks of contacts with competitors

Contacts between competitors

Reports of summary proceedings concerning illegal cartel agreements are found regularly in the business press and in publications of the competition authorities. Of these proceedings the concrete and...

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Issue 02/2019 Scope and consequences for contracting in practice

New construction contract law

The new construction contract law has been valid since January 01, 2018. Introducing the new provisions, the legislator tried to consider the set of problems occurring as a result of the complexity...

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Issue 02/2017 Liability risks and other consequences

The new construction contract law

For a long time, it has been quite problematic in legal practice that the regulations governing the contract law for work concerning construction contracts do not provide enough details, and thus they...

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Issue 05/2024

Industry-relevant legislation and case law – Whistleblower Protection Act and Skilled Immigration Act

It is a necessary evil for companies to keep abreast of the ongoing evolution of legislation relevant to their operations and to align their business activities accordingly, which is an almost...

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