CONSUMERS : THREE-WAY AGREEMENT ON COMPENSATION FOR CARTEL VICTIMS.

PositionBrief article

Parliament, Council and Commission have reached an agreement on the proposed directive allowing for collective redress in cartel cases

Several more technical meetings will be required to fine-tune the text, but the main elements have already been wrapped up. A meeting on the evening of 18 March resulted in a compromise on the future directive, which harmonises opportunities for victims of anti-trust cartels between companies within the EU to claim damages. Individuals and companies harmed by such cartels would have five years to make a claim, with a suspension during the time of the investigation.

Parliament and Council have enhanced the methods available to demonstrate harm inflicted or profits lost - compared to the text proposed by the Commission in June 2013. In particular, this means allowing a decision by a competition authority (either a national authority or the Commission) to sanction a cartel to be accepted at least as proof in another member state (in the absence of full recognition). An extra year will be added to the deadline in case of...

To continue reading

Request your trial