Law360, New York (June 5, 2006, 12:00 AM EDT) -- Institutionalizing private antitrust litigation across the European Union would bring high costs and jeopardize the sovereignty of national competition authorities, according to numerous comments received by the European Commission on its controversial proposal.
The E.C.’s competition reforms, set forth in a Green Paper last December, would aid private parties in pursuing litigation, including collective actions, follow-on actions and damages actions.
The Green Paper was criticized by many as the E.C.’s attempt to force “alien American concepts” into European competition law.
A potential rise in private litigation...
Little Support For E.C. Damages Actions Proposal
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