European Court of Justice Facilitates follow-on Cartel Damage Claims

Morrison & Foerster LLP
Contact

On 21 May 2015, the European Court of Justice (ECJ) confirmed that cartel victims may jointly sue cartelists for damages in an EU Member State where only one of the cartelists is domiciled. This rule applies even if the applicant withdraws his action against the domiciled co-defendant after proceedings were instituted. By taking this position, the ECJ sends a clear signal endorsing the European Commission’s efforts to introduce an effective compensation mechanism for cartel injury in Europe.

FACTS -

In May 2006, the Commission fined nine companies for participation in the hydrogen peroxide and sodium perborate cartel. Following the decision, civil proceedings were initiated in the Dortmund Regional Court/Germany (the “German Court”) by Cartel Damages Claims (CDC), a Brussels-based litigation vehicle, which sued the cartelists seeking compensation for damages suffered due to the hydrogen peroxide and perborate cartel.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Morrison & Foerster LLP
Contact
more
less

Morrison & Foerster LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide