Door Opened for New EU Cartel Damage Claims | White & Case LLP International Law Firm, Global Law Practice
Door Opened for New EU Cartel Damage Claims

Door Opened for New EU Cartel Damage Claims

Financial Times journalist Alex Barker reports that the European Court of Justice has "opened up a new front in private damages claims against cartels" by finding that "companies rigging prices are liable to compensate groups that were not their customers".

Lawyers believe the decision will have significant practical implications and Brussels-based White & Case partner Axel Schulz tells the paper: "While the judgement may be a logical consequence of the idea that cartel members have to pay for the damage they cause, it is really quite novel in the EU." Click here to read the report (paywall).