Introduction The Consumer Rights Act 2015 (the Act) will enter into force on October 1, 2015. It contains some significant reforms which aim to boost private enforcement of competition law in England and Wales and will increase the exposure of companies found to have infringed competition law to claims for compensation. Included in the Act are measures that will enable both businesses and individuals to bring private actions for damages as a result of a breach of competition law. Significantly, the Act introduces, for the first time in the UK, an ‘opt-out’ collective action regime, allowing competition law claims to be brought on behalf of a defined set of claimants (excluding those claimants that formally opt out). There have been a number of recent high profile cases where financial
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The UK Parliament adopts the Consumer Rights Act to boost private enforcement of competition law
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