Competition law and damages

What are damages in competition law?
Definition.
Damages are a monetary relief available for the party harmed by a competition law infringement.
The term refers to the sum of money that the claimant seeks compensation for and is causally connected to the anticompetitive conduct that injured the claimant in her business..
What are theories of harm in competition law?
Broadly, a theory of harm in a competition law case explains why a particular type of conduct constitutes a breach of competition law with reference to the relevant legal tests, and explains in particular why that conduct causes harm to competition that should be prohibited..
What is the competition damages directive?
The Damages Directive has been celebrated as a milestone for the private enforcement of EU competition law.
The Directive harmonises national procedural laws and aims to facilitate full compensation for damages occurred as a result of competition law violations..
What is the difference between competition law and antitrust law?
Competition law is implemented through public and private enforcement.
It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting..
Penalties for not complying with UK competition law
A fine of up to 10% of group global turnover in the last financial year.
On an individual basis, company directors could face criminal prosecution and director disqualification through a competition disqualification order.

Competition damages actions are claims whereby individuals and companies can seek redress for loss suffered as a result of an infringement of competition law by a third party. For example, victims of a cartel for the higher prices they had to pay for goods or services as a result of the cartel.

Damages are a monetary relief available for the party harmed by a competition law infringement. The term refers to the sum of money that the claimant seeks

Does competition law affect inequality?

Ariel Ezrachi, ‘Sponge’ (2017) 5 Journal of Antitrust Enforcement 49.
The assumption that competition law can affect inequality is widely held. eg as Shapiro asserts:

‘antitrust enforcement does tend to reduce income inequality’.
See Carl Shapiro, ‘Antitrust in a Time of Populism’ (2018) 61 International Journal of Industrial Organisation 714.

Does Italy have a law on damages for infringements of EU and national competition law?

Italy has implemented Directive no. 104/2014 of 26 November 2014 on actions for damages for infringements of EU and national competition law by the Legislative Decree no. 3/2017.
However, scope remains unaffected in its essence and the Decree continues to govern actions for damages for infringements of EU and national competition law.

I. Introduction

Social and economic inequality is on the rise.
The rich are becoming wealthier, the income of the middle class is declining, and the poor are struggling to remain afloat.
Despite decades of growth and prosperity, despite political promises and perceived efforts to promote equality in some jurisdictions, social polarization is increasing, and is tea.

II. Two Key Interfaces

When considering the potential effect competition law may have on inequality of income,5 consumption,6 and wealth,7one can identify two key interfaces through which inequality may be targeted.
The first interface, which we refer to as ‘internal’—concerns the possibility of embedding equality considerations as part of the substantive assessment of a.

Microeconomic Analysis of Household Expenditure Data

The macroeconomic analysis discussed above sheds light on how competition law and inequality interact across countries, industries, and over time.
Considering the limitations of the macroeconomic datasets, we subsequently moved to review the relationship between competition law and inequality at the household level using microeconomic data.52Examin.

v. Competition Law Enforcement as A Strategic Lever?

Our empirical observations, outlined above, support the notion that competition law enforcement can play a role in limiting inequality.
But how does one translate this insight into meaningful enforcement action.
Could the apparent positive relationship between effective competition law enforcement and economic equality be utilized more fully by har.

VI. Final Reflections

Rising economic inequality presents society with unprecedented challenges.
Direct instruments designed to address these worrying trends have often under performed.
As a result, we find ourselves on a potentially dangerous and unsustainable path.
In this reality, competition law may serve as a valuable complementary instrument, which can be used to .

What are some examples of competition laws?

For example, the competition laws of the European Union make reference to the value of fairness, 12 target unfair pricing and trading conditions, and can be applied and developed with a view to wider policy concerns such as:

social 13 and consumer 14 protection.

What is the competition damages compendium?

“ This Compendium provides essential information on how a competition damages claim may be treated in a wide range of jurisdictions – vital for claimants and their lawyers to know. “ .