The UK High Court time-bars a €480M follow-on damages claim against a smart card chip cartel after ruling that the claimants had sufficient information to support a reasonable claim when the EU Commission issued its statement of objections to the defendants (Gemalto / Thales / Infineon / Renesas)

The English High Court has ruled that, on the facts of the case, claimants Gemalto had sufficient information about the smart card chips cartel to support a reasonable claim for damages at the point at which the European Commission issued its statement of objections to defendants Infineon and Renesas (rather than upon the issuance of the Commission's infringement decision). As such, it held that Gemalto's claim for follow-on damages was filed more than six years after the date at which the cause of action accrued pursuant to the 'deliberate

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  • Ashurst (London)
  • Ashurst (London)
  • Ashurst (London)

Quotation

Euan Burrows, Max Strasberg, Tim West, The UK High Court time-bars a €480M follow-on damages claim against a smart card chip cartel after ruling that the claimants had sufficient information to support a reasonable claim when the EU Commission issued its statement of objections to the defendants (Gemalto / Thales / Infineon / Renesas), 28 January 2022, e-Competitions January 2022, Art. N° 105544

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