Press Release: Cartels: new rules on damage claims for victims

The Council of the European Union laid down new rules to facilitate damage claims by victims of antitrust violations on the 10 November 2014.

The new directive will harmonise and ensure the effective enforcement of antitrust damages rules within the EU, thereby allowing the victims of a cartel to receive full compensation for both the actual loss suffered and for lost profits. It will also seek to improve the efficiency of leniency programmes, whereby a company confesses its participation in a cartel in return for immunity or a reduced fine.

• Primary Source

European Commission: RAPID: Press Release, IP/14/1580: Antitrust: Commission welcomes Council adoption of Directive on antitrust damages actions http://europa.eu/rapid/press-release_IP-14-1580_en.htm

ESO: Background information: Antitrust: Commission welcomes Parliament vote to facilitate damages claims by victims of antitrust violations http://www.europeansources.info/record/press-release-antitrust-commission-welcomes-parliament-vote-to-facilitate-damages-claims-by-victims-of-antitrust-violations/

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