In this issue:
The OFT and Private Actions
The UK Office of Fair Trading has issued a discussion paper on proposals to make redress for consumers and business for breaches of competition law more effective.
The OFT Discussion Paper – Private Actions In Competition Law: Effective Redress For Consumers And Businesses
As regulators and competition authorities are never tired to tell us, “A healthy competitive market place guarantees the best possible deal for European consumers and businesses alike.” The question is how to turn competition law and theory into an effective tool that will directly benefit consumers and businesses?
As a competition litigator, I have a great interest in ensuring that this area of law develops since so much is still uncertain. What we need is a body of case law which will set out the parameters and procedures for resolution of private actions in the courts. But it is doubtful that the proposed proliferation of actions and tribunals will generate the clarity and focus which is required.
Antitrust and the Chicago School
In preparation for writing this paper, I re-read Robert Bork’s The Antitrust Paradox, and I thoroughly enjoyed…