Class Action Plan Could Make UK Europe's Antitrust Hotspot

Law360, New York (January 29, 2013, 7:16 PM EST) -- The British government vowed Tuesday to push for a new class action system for antitrust litigation, a move attorneys say could make the U.K. the center for private cartel damages cases across Europe.

The plan laid out by the U.K.'s Department for Business Innovation and Skills would give the country its first opt-out collective action system for competition cases in a bid to make it easier for consumers and small businesses to win compensation for price-fixing.

The proposal — much of which will require new legislation...
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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.