EU-wide framework for antitrust damages claims agreed: national implementation to follow
On 10 November 2014, the European Council formally approved the EU Directive on antitrust damages actions. This requires EU Member States to harmonise their procedural rules for antitrust damages actions, with the objective of making it easier for victims of competition law infringements to obtain compensation for losses suffered.
This was the final stage in the EU legislative approval process, and Member States will have until late 2016 to implement the required measures.
Please click here to view the full European Commission press release : http://europa.eu/rapid/press-release_IP-14-1580_en.htm
This matter will be discussed in depth at the Monckton ‘Competition Damages: Latest Developments’ seminar on 20th November. For more information and to register for the seminar, please click here.