EU urged to look into cartel claim on trackers

"CDC’s collective approach of acquiring claims on a pan-European level and bundling them into one damage action was particularly interesting from our viewpoint as this enabled access to market-wide data and considerably increased negotiating power against the cartelists." Michael Von den Benken, Director at DUNI AB, Sweden

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Yet since the EU’s directive on cartel damages claims (Directive 2014/104/EU) has to be implemented by all EU Member States until 27 December 2016, cartelists may soon face an even broader number of parallel claims in various European jurisdictions.

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In the ongoing battle against cartels, the damages directive (directive 2014/104/eu) promises to be a potent weapon for claimants bringing private damages claims once Member States have implemented it into national law. But, as the recitals to the damages directive acknowledge, follow-on damage claims are

EU cases that have implications for ongoing damages claims in the UK Two developments in late 2015 have implications for ongoing cases in the English High Court. First, the annulment by the General Court of the European Commission’s air freight cartel decision, and second, the announcement by the Commission that it will not pursue an.

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Door opened for new EU cartel damage claims. The European Court of Justice test case could have important implications for the banks and brokers caught up in the global investigations into efforts to rig interest rate benchmarks such as Libor and Euribor. The court found that when a cartel effectively leads rivals to raise prices,

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