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ARTICLE · 25 SEPTEMBER 2021

Modernisation Of Austrian Cartel Act

The 2021 amendment is intended to adapt the Austrian Cartel and the Competition Act to the requirements of the present. In addition to changes for mergers and market power...

AustriaAntitrust/Competition Law

The 2021 amendment1 is intended to adapt the Austrian Cartel and the Competition Act to the requirements of the present. In addition to changes for mergers and market power abuse regulations, the idea of sustainability is given space and the European ECN Directive is2 implemented.

I. Merger Control - Second domestic threshold

For many years, there has been criticism that (international) mergers also fall under Austrian merger control when the domestic threshold of EUR 30 million was reached by only one company. This meant that mergers were also subject to notification if the target company did not have any sales in Austria. This has now been amended to the effect that at least two of the companies concerned (e.g. the buyer and the target company) must each have a domestic turnover of at least EUR 1 million in Austria. This is expected to significantly reduce the number of notifiable mergers. However, due to a possible drafting error in the transitional provisions,

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