Baku-APA. The Council of the European Union (EU) laid down new rules on Monday to facilitate damage claims by victims of antitrust violations, APA reports quoting Xinhua.
The new directive will allow the victims of a cartel to receive full compensation for both the actual loss suffered and for lost profits.
Under the legislation, cartel victims will have at least five years to file a claim for damages. This period will be put on hold if a consensual dispute resolution process is engaged.
National courts will be empowered to estimate the amount of harm suffered by the victims so that quantifying harm does not make exercising the right to damages excessively difficult.
Member states will have two years to incorporate the new rules into national legislation following their entry into force.
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