In June 2013, the European Commission published long-awaited proposals to introduce new legislation in the field of antitrust litigation, comprising:
- A Directive on private antitrust damages actions;
- A Recommendation on collective redress; and
- Guidance on the quantification of damages.
The package underlines the Commission’s ambition to encourage private antitrust enforcement and, if adopted, could have a major impact on anyone doing business in the EU. With public enforcement also becoming increasingly international in scope, the importance of having a global antitrust strategy and global legal coverage becomes ever more apparent. In this briefing, we have highlighted the key features of the new proposals and their likely consequences.
For further advice on the potential impact of these developments, please contact your principle Squire Sanders lawyer or one of the individuals listed in this publication.