The UK Government is consulting on reforms aimed at making it easier to bring private actions for antitrust damages

Article published on Centre for Competition Policy blog.

An Unpopular Solution to the Private Enforcement Problem* The UK’s Department for Business is currently consulting on a package of reforms aimed at making it easier to bring private actions for damages against firms engaged in anti-competitive behaviour. Compensating consumers harmed by cartels and abuse of dominance is something competition authorities throughout Europe feel is important. However, the price to pay for private actions is the potentially enormous transaction costs of legal representation and economic evidence, coupled with the danger of scuppering public enforcement by undermining the leniency programme. One solution not considered in the current debate is to internalise compensation claims within competition authorities, drawing awards from public fines. The reforms

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  • University of East Anglia (Norwich)

Quotation

Andreas Stephan, The UK Government is consulting on reforms aimed at making it easier to bring private actions for antitrust damages, 24 April 2012, e-Competitions April 2012, Art. N° 47324

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