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Presentation of the White Paper on damages actions
By Eddy De Smijter on 27 May 2008
Categories:
Vigorous competition in an open internal market provides the best guarantee that European companies will increase their productivity and innovative potential. Facilitating damages claims for breaches of the antitrust rules will not only strengthen the enforcement of competition law, but will also make it easier for consumers and businesses who have suffered damage from an infringement of competition law rules to recover their losses from the infringer.
The Commission is therefore looking at the conditions under which victims of competition law infringements can bring actions for damages before the national courts of the Member States. In the majority of Member States actions for damages for the infringement of EC and national competition law have been extremely limited.
On 3 April 2008, the Commission published for public consultation a White Paper on Damages Actions for Breach of the EC antitrust rules. The White Paper suggests specific policy choices and measures that would give all victims of infringements of EC competition law access to effective redress mechanisms so that they can be fully compensated for the harm they suffered.
That White Paper will be the topic of my presentation and the subsequent discussion.