The European Commission views such claims as a tool to deter and punish cartels on top of regulatory fines as high as 10 per cent of a company's global turnover.[BRUSSELS] Victims of cartels may find it easier to seek damages from companies guilty of price fixing after European Union antitrust regulators released on Monday guidelines to help courts calculate the economic harm of anti-competitive practices.
However, divergent rules across the 28-country bloc mean the chances of a successful claim depend on where it is filed. "Such guidance may help the claimant make factual submissions to the court concerning the amount of damages claimed and may assist the defendant in pleading his position vis-a-vis these submissions by the claimant," the document said.
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