EU Takes 2nd Shot At Collective Action System

Law360, New York (October 21, 2010, 4:44 PM EDT) -- The European Commission is renewing its efforts to create a European Union-wide collective action system that would give all citizens equal access to courts and make judgments, such as damages awards in private cartel actions, enforceable throughout the 27-country bloc, Competition Commissioner Joaquin Almunia confirmed Thursday.

The College of Commissioners agreed on the need to set up a European collective action system last week based on a memorandum prepared by Almunia, Justice Commissioner Viviane Reding and Health and Consumer Policy Commissioner John Dalli, the antitrust chief...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.