Better compensation for victims of competition law
The European Commission (EC) has adopted a set of proposals in an attempt to make it easier for victims of competition law breaches to bring claims for compensation. The EC aims to encourage potential claimants to seek compensation, which will act as a further deterrent to competition law violations alongside the significant regulatory fines that can be imposed by EU and national competition authorities.
The new proposals are the culmination of 10 years’ work by the EC and they set out minimum standards in various areas in an attempt to harmonise rules across the EU and remove procedural obstacles to private damages claims.
While seeking to encourage potential claimants to seek redress, the commission is also concerned that claims will not deter whistleblowers from coming forward, as they are a very important part of the enforcement regime. The provisions therefore include steps to protect whistleblowers to some extent from damages claims and from disclosure of certain documents they provide to the authorities…
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