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Redress for competition law breaches 04/05/2016 The Competition and Markets Authority has published guidance explaining the redress options open to victims of competition law breaches.

Redress for competition law breaches

The Competition and Markets Authority (CMA) has published guidance explaining the redress options open to victims of competition law breaches.

The guidance (Competition law redress: A guide to taking action for breaches of competition law) reflects changes in the law as a result of the Consumer Rights Act 2015, which make it easier for individuals and businesses to seek redress for breaches of competition law.

These changes include:

  • Allowing the Competition Appeal Tribunal to hear standalone competition claims where previously it could only hear cases where there was an existing infringement decision. There is also a new fast-track procedure to enable simpler cases brought by small businesses to be resolved more quickly at a lower cost.
  • Enhanced collective actions and settlements, including opt-out actions with safeguards allowing meritorious collective claims to be brought more easily.
  • Introducing a new power enabling the CMA or a sector regulator to approve voluntary redress schemes, which is intended to provide compensation for those who have suffered loss as a result of competition law infringements without having to go to court.

In addition the guide takes account of a European Directive which is due to be implemented in the UK later this year, which is intended to make it easier to claim for compensation when there has been a breach of European competition law.

The guide can be found here.

 

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