A phased and detailed legal framework governing claims brought by the relevant parties is set out in the draft developed by the Competition Council with the support of an inter-ministerial working group. The document has been put out for a second round of public consultation until 30 September.
The authors propose a specific legal framework distinct from the general rules of civil tort liability. This will grant victims the right to claim and receive full compensation for damage caused by a breach of competition rules.
In particular, it is proposed to simplify the procedure, ensuring access to justice for all consumers and business entities. This includes small and medium-sized enterprises, which currently lack sufficient resources to conduct complex legal proceedings. State-owned enterprises and public bodies are also included in this category.
The law will stipulate that compensation must restore the position of the person who has suffered damage to the state in which they would have been had the infringement not been committed. This includes compensation for actual damage, loss of profit, and the payment of interest.
It is proposed that the new provisions come into force three months after the date of publication of the approved regulatory act.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
Follow our updates
Have information for the newsroom? Share it with Logos-Press
Comments
0No comments yet. You can start the conversation.
Comments are open to readers with a Logos Press account.
Sign in to comment