Power cables class action shrinks following CAT ruling
The UK’s Competition Appeal Tribunal (CAT) has significantly reduced the potential damages in a class action against members of the EU power cables cartel. The ruling concluded that the cartel’s conspiracy did not impact the cost of a government subsidy scheme for offshore windfarms.
The conspiracy did not affect the cost of a government subsidy scheme for offshore windfarms.
This decision has more than halved the damages that could be claimed in the ongoing legal action.
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Published by Global Competition Review’s senior news reporter, the report provides expert analysis on competition law matters.
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Author’s summary: The CAT ruling limits damages in the EU power cables cartel case by ruling the cartel did not affect offshore windfarm subsidies, significantly narrowing potential claims.