2 Travel Group Plc v Cardiff City Transport Services

17 Jul 2012

In this rare decision on the appropriate quantum of follow-on damages, the Competition Appeal Tribunal has also made the first award of exemplary damages in a UK competition law case. However, given that the Tribunal has accepted (and distinguished) the High Court judgment in Devenish (that the award of exemplary damages is excluded where a regulatory fine has been imposed), the Cardiff Bus judgment is by no means opening the floodgates of massive punitive damages awards in this area.