We would like to share with you the reports from the ICC Compendium of Antitrust Damages Actions where the Milan office Antitrust team contributed to the Italian chapter.
Why is the ICC Compendium of Antitrust Damages Actions relevant?
The role of private competition law enforcement in ensuring fair and undistorted market conditions, which used to be limited to the United States for decades, has been pushed to the fore following the adoption by the European Union of Directive 2014/104. The transposition of the Directive by the EU Member States into national laws has spurred countries beyond Europe to adjust their legislative frameworks to foster the development of antitrust private claims. However, not all jurisdictions have adopted the same rules and antitrust litigation has become extremely complex.
The consequences for businesses, regardless of their sizes and markets, are enormous. Companies involved in anti-competitive behaviours can face heavy fines and sometimes criminal sanctions from the public enforcement of competition law. But with the increasing importance that private enforcement has gained over the last few years, they may find themselves at greater loss due to private legal actions filed against them by victims seeking compensation for damages.
The ICC Compendium of Antirust Damages Actions provides a comprehensive overview of the complexities and intricacies associated with antitrust litigation across a wide range of key jurisdictions.
The Compendium was broken down into separate country reports to allow users to select the jurisdictions, court proceedings, and/or decisions of interest to them. The Compendium and related reports are free of charge and can be downloaded on the ICC website, you can find the Italy reports here.
Reproduced with permission from International Chamber of Commerce (ICC). For further information, please visit the ICLG website.
This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.