2026 marks the year of implementation and strategic recalibration for many of the regulatory projects initiated under the previous Commission. Key regulations shift from concept to enforcement and transition to practical compliance obligations for the consumer goods and retail industry: Under the Packaging and Packaging Waste Regulation, sustainability and transparency requirements will become binding, and the Empowering Consumers Directive imposes stricter standards on packaging design and environmental claims.

Navigating expanding regulatory frontiers

The deal-making landscape is changing fast and not in ways that make life easier for businesses and their advisors. In merger control, regulators are actively exploring ways to move beyond the traditional revenue thresholds that have long defined their jurisdiction. Across Europe, the concept of call-in regimes and post-closing reviews is gaining traction. This means that even transactions involving targets without significant market presence could, in future, be drawn into review where strategic concerns arise.

Yesterday, the German Federal Cartel Office (FCO) ordered Amazon to end price caps on third-party sellers on its German marketplace and to surrender or “disgorge” the economic benefits it obtained from its anticompetitive conduct (“Vorteilsabschöpfung”). The FCO took issue with Amazon’s price controlling practice and found it to amount to an abuse of dominance. In a first tranche, Amazon was ordered to disgorge almost EUR 59 million. This is the first time the regulator has used its newly strengthened powers to seize benefits resulting from an alleged antitrust infringement. Amazon has already announced that it will appeal the decision.

Am 9. Januar 2026 veröffentlichte die Europäische Kommission Leitlinien zur Drittstaatensubventionsverordnung (Foreign Subsidies Regulation - FSR). Diese schaffen Klarheit über die Anwendung der Verordnung, insbesondere im Hinblick auf (i) die Beurteilung von Wettbewerbsverzerrungen, (ii) die Abwägungsprüfung sowie (iii) die Befugnisse der Kommission, die Meldung eines ansonsten nicht anmeldepflichtigen Zusammenschlusses bzw. nicht meldepflichtiger drittstaatlicher finanzieller Zuwendungen in öffentlichen Vergabeverfahren zu verlangen. Dieses Briefing stellt die durch die Leitlinien eingeführten neuen Maßstäbe sowie deren praktischen Implikationen vor.

Across Europe competition authorities are increasingly targeting M&A transactions that fall below traditional turnover thresholds. The European Commission (EC) and several National Competition Authorities (NCAs) are expanding their toolkits through call-in powers, post-closing antitrust enforcement and expansive interpretations of existing frameworks to close the gap around below-threshold deals in fear of missing out on so-called killer or roll-up acquisitions. While killer acquisitions mean large established market players buying nascent competitors to eliminate future competition, roll-up acquisitions refer to a company systematically taking over small competitors to achieve consolidation of a fragmented market.

Wir freuen uns, zum Jahresauftakt gleich drei wichtige Neuerungen bekanntzugeben: Dr. Elisa Theresa Hauch wird Kartellrechts-Partnerin, der ehemalige Bundestagsabgeordnete Konstantin Kuhle stößt als Rechtsanwalt zu BLOMSTEIN und Bruno Galvão steigt zum Counsel auf.

The recent “Nexperia crisis” sparked an initiative by the German Automotive Industry Association (VDA) which created a platform enabling carmakers and suppliers to offer and request leftover semiconductor stock. The platform is supposed to mitigate acute chip shortages (notably involving components from Nexperia), which threatens vehicle production in Germany, by effectively connecting players across the industry and efficiently matching supply and demand. The Federal Cartel Office (FCO) gave his blessing with President Andreas Mundt stating that the information exchange implied could improve the allocation of scarce chips and help delay production cuts, ultimately benefiting both the industry and consumers. The VDA semiconductor platform follows a pattern of industry-led digital trading platforms that have sought and received antitrust approval in Germany. This case is interesting as the FCO continues to show its openness for innovative platforms that improve market efficiency, provided certain reliable safeguards are built-in to prevent anti-competitive information exchanges.

BLOMSTEIN wird (noch) internationaler: Zum 1. Oktober 2025 bauen wir unsere europäische Präsenz weiter aus und eröffnen in Brüssel. BLOMSTEIN ist europäisch und global bereits stark vernetzt und geht mit der Eröffnung in Brüssel den natürlichen nächsten Schritt. Mit dieser Standorterweiterung setzen wir unsere Internationalisierungsstrategie konsequent fort und stärken unsere Nähe zu den europäischen Institutionen. 

BLOMSTEIN advised Opta Group LP, a portfolio company of Speyside Equity Advisors (Speyside), and a leading supplier of performance materials and solutions in the molten metal, infrastructure, and specialty chemical industries, on FDI and merger control aspects relating  the acquisition of the assets of the majority of the business operations of m-tec Group, a company previously operating in Wesel, Germany.

Few corporate nightmares begin as subtly as an external investigation — a knock on the door, a ring of the bell — and within seconds, everything changes. Unannounced inspections are aimed at probing legal infringements. They are highly disruptive and expose companies to serious legal and reputational risks. While most companies are aware of the risk of dawn raids by competition authorities such as the European Commission (Commission) or the German Federal Cartel Office (FCO), they should also be prepared for inspections by other agencies, such as tax and customs authorities, OLAF (European Anti-Fraud Office) or public prosecutors. Each authority operates under its own distinct legal framework and pursues a specific enforcement agenda, ranging from antitrust violations and breaches of customs, tax, or export control laws to criminal offences such as fraud or corruption. What all these investigations have in common: They typically come without a warning and demand an immediate, coordinated and legally sound response. This briefing provides a practical overview of what (not) to do during inspections – offering both general best practices and authority-specific guidelines.