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European Parliament Approves Law to Aid Damages Claims by Antitrust Victims

Roberta Holland | April 23, 2014

Companies and individuals seeking damages from antitrust violations will have an easier path under a new law approved by European Parliament last week.

The new directive will aid victims of cartel activity, price fixing, and abuse of dominant market positions to seek compensation, including lost profits and interest. It will give victims better access to information to prove their case as well as more time to file claims, the European Commission's press service reported.

While the EU Court of Justice previously supported the rights of antitrust infringement victims to receive compensation, the commission said due to differences in national laws that compensation was often hard to win depending on where the victim was located. While the U.K., Germany, and the Netherlands were viewed as more favorable jurisdictions to seek redress, overall in the EU only 25 percent of the commission's...

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