Companies that have been fined by a competition authority or are said to have participated in a cartel are increasingly at risk of civil damages claims. This is in large part due to European and national legislation and measures in recent years, which make it easier for parties that have been adversely affected by cartels to claim damages.
What are the risks my company is exposed to? What are the chances my company will have to pay compensation? Can I be held personally liable? Is it better to seek a settlement or take the matter to court? These are just a few questions that come to mind if your company is accused of participation in a cartel.
The effects of a cartel claim can be far-reaching. Cartel damages actions are large, complex and generally generate negative media attention for the alleged cartel members. Seeking legal assistance at an early stage is vital.
