Kroes Frowns On Class Actions, Treble Damages

Law360, New York (March 8, 2007, 12:00 AM EST) -- The European Union's competition commissioner on Thursday stressed the importance of maintaining a distinctly European system for dealing with antitrust issues, but also said that Europe should draw on the experiences of other countries.

In a speech before the International Bar Association, Commissioner Neelie Kroes advocated a dual-pronged enforcement strategy, in which private antitrust actions complement public enforcement proceedings. But while she touted the usefulness of private suits as a deterrent to anti-competitive behavior, she took issue with what she termed the “myth” that supporting such...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.