In BritNed v ABB , the English Court of Appeal substantially reduced the UK's first award of damages in a so-called cartel damages claim brought for breach of European competition law. In so doing, the Court rejected calls for a more strict and punitive approach to damages in cartel claims. The case is an important bellwether for private follow-on damages actions in Europe. Background On 2 April 2014, the European Commission adopted a decision against a number of European, Japanese and South Korean power cable manufacturers, including ABB, for infringing Article 101 of the Treaty on the Functioning of the European Union  ("TFEU") (the "Infringement").  The Commission's Decision concerned alleged market-sharing and customer allocation among the main producers of high-voltage
The UK Court of Appeal adjusts-down a follow-on damages award in a cartel case and emphasises the principle that damages may only be compensatory, not punitive (BritNed / ABB)
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