Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Truck cartel – Damages claims against Scania now also a possibilityLast summer, the European Commission imposed heavy fines on five truck manufacturers for violations of antirust law. The Swedish truck manufacturer Scania is now being asked to pay up as well.
By: GRP Rainer LLP The cartel members had entered into illegal arrangements between 1997 and 2011. The Commission has since concluded that Scania was also involved in these arrangements over a period of 14 years. These concerned, in particular, agreements pertaining to the gross list price for medium and heavy-duty trucks, concerning the timetable for the introduction of technologies designed to lower emissions as well as passing on these costs to customers. The cartel covered the entirety of the European Economic Area (EEA). Now that the Commission's investigations have come to an end, all those who were harmed by the cartel, private individuals and businesses alike, are now able to assert damages claims against the cartel members. We at the commercial law firm GRP Rainer Rechtsanwälte note that the aggrieved parties are expected to have paid inflated prices between 1997 and 2011 for trucks that were approximately 10 to 20 per cent higher in price than they ought to have been, irrespective of whether they were purchased or leased. The advantage of this is that it is no longer necessary to prove unlawful conduct on the part of the cartel members, and this paves the way for damages claims. It is worth noting here that the extent of any harm caused may substantially exceed the fines. Those concerned can turn to lawyers who are experienced in the field of antitrust law to enforce and protect their interests. Many businesses have suffered considerable harm resulting from these illegal cartel arrangements. It is now possible to obtain compensation for this financial loss and in so doing potentially preserve businesses' competitiveness. https://www.grprainer.com/ GRP Rainer LLP www.grprainer.com/ Contact Michael Rainer Lawyer, Managing Partner GRP Rainer LLP Gürzenich-Quartier Augustinerstraß 50667 Cologne Germany Phone: +49 221-27 22 75-0 info@grprainer.com www.grprainer.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|