The Korean Fair Trade Commission offers funding private antitrust class action against two electronics companies fines for price-fixing (Samsung / LG)

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Competition authorities around the globe are taking an increasingly active part in the pursuit of civil claims for damages for antitrust infringements. The decision by the Korean Fair Trade Commission (“KFTC”), announced on 24 January, to finance a damages action brought by the Green Consumer Network against Samsung and LG on the basis of its infringement decision in this respect marks a new and interesting development. The increasingly proactive assistance and support provided by competition authorities to follow-on claims for damages is a matter that undertakings will need to consider when deciding whether to inform competition authorities of their own anti-competitive conduct in the context of an application for leniency or immunity from fines. There are a number of different ways

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Skadden, Arps, Slate, Meagher & Flom (Washington DC)
  • Skadden, Arps, Slate, Meagher & Flom
  • Axinn Veltrop & Harkrider (Washington)
  • Skadden, Arps, Slate, Meagher & Flom (London)

Quotation

Ingrid Vandenborre, Gary A. MacDonald, Patrick Heneghan, Tiffany Rider, David Kavanagh, The Korean Fair Trade Commission offers funding private antitrust class action against two electronics companies fines for price-fixing (Samsung / LG) , 24 January 2012, e-Competitions January 2012, Art. N° 45396

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