Our free market economy is grounded in the principle that competition is the most effective and efficient way to protect customers and consumers. Cartels are a serious violation of this principle and can cause considerable damage: customers pay excessive prices or receive lower quality products; suppliers to a cartel may be forced to sell at prices that do not adequately reflect the value of their products.
The good news is that companies affected by cartels are entitled to full compensation for any economic damages caused by a cartel. In Germany, such claims are now much easier to enforce than they used to be just a few years ago.
Our German language brochure provides an overview of the points that need to be considered when enforcing antitrust damages claims in Germany, including:
- Overview of the claims for damages
- Calculation of the amount of damages
- Enforcement of claims
- Questions of statute of limitations
- Costs and risks
- Checklist for cartel victims
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.