The UK Secretary of State issues regulations and guidance governing approval of voluntary redress schemes to compensate persons injured by antitrust infringements

On 05 August 2015, the UK Secretary of State issued the Competition Act 1998 (Redress Scheme) Regulations 2015 governing the approval of voluntary redress schemes under the Act. One of the radical elements of the UK’s package of 2015 collective redress measures takes shape as regulations and guidance governing approval of voluntary redress schemes to compensate persons injured by antitrust infringements are published. In brief From 01 October 2015, under the Consumer Rights Act 2015 the Competition & Markets Authority (CMA) and UK Regulators with concurrent competition law powers will be able to approve schemes of voluntary redress put forward on behalf of infringers of antitrust law. While there are likely to be some cost benefits also for the infringing party compared with

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  • Simmons & Simmons (London)
  • Simmons & Simmons (London)

Quotation

Tony Woodgate, Peter Broadhurst, The UK Secretary of State issues regulations and guidance governing approval of voluntary redress schemes to compensate persons injured by antitrust infringements, 5 August 2015, e-Competitions Bulletin August 2015, Art. N° 77136

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