The Finnish Supreme Court rules on competition damages limitation periods in a timber cartel (Timber procurement cartel)

In two judgments that are of pan-European interest because of their relevance to the interpretation of the EU competition Damages Directive, the Finnish Supreme Court and the Belgian Constitutional Court ruled on limitation periods to bring competition damages claims. The Finnish Supreme Court held that the limitation period starts when the Finnish Competition Authority submits a detailed proposal for fines to the Market Court and issues a press release about it. However, the Belgian Constitutional Court held that the civil damage claim is not time-barred as long as the decision of the Competition Authority is not final. These judgments are particularly interesting in the light of the rule set out in Article 10 of the Competition Damages Directive, which provides that: "Limitation

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Authors

  • Bird & Bird (Brussels)
  • Bird & Bird (Helsinki)
  • Bird & Bird (Finland)

Quotation

José Rivas, Katia Duncker, Mikko Rajala, The Finnish Supreme Court rules on competition damages limitation periods in a timber cartel (Timber procurement cartel), 29 February 2016, e-Competitions February 2016, Art. N° 96200

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