Sunday March 29, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EU directive for cartel damages

By Dimitra Manifava

Corporations and consumers will soon be able to seek damages for losses or lost profits from cartel activity, according to a proposal for a European Union directive that will likely be introduced during the course of the blocís Greek presidency.

This directive is among the main priorities of the countryís Development Ministry. After eight years of negotiations, it was adopted last June by the European Commission, discussed by the council of EU ministers in December and its first reading at the European Parliament will be on January 27.

According to the proposal, a necessary condition for anyone to resort to a civic court to seek damages will be the issue of a condemning decision by the national competition authorities on the operation of a cartel or abuse of dominant market position. Those seeking damages will not have to make their case a second time once the decision has already gone their way on a national level.

There is still a gray zone surrounding the issue of group cases (for example by consumer groups), as this has not been included in the proposal and proved to be a bone of contention during the years of negotiations about the directive. What it does include is the facilitation of consumersí or corporationsí access to evidence that is usually in the possession of those accused or third parties. The proposal further provides for a statute of limitations as consumers or enterprises will have between three and five years to resort to justice against cartels Ė the precise length of that period remains under negotiation.

As soon as the directive is ratified, member states will have a grace period of two years to incorporate it into their national law. In Greece, the General Secretariat for Consumers had in the past prepared a bill to that effect, but it never reached Parliament.

ekathimerini.com , Thursday Jan 9, 2014 (22:49)  
Fitch downgrades Greece amid bailout uncertainty
Bank accounts continue to bleed
Hania and Athens are the top picks for Easter visitors
Landlords to pay tax on unpaid rent
Moscow expects progress from Tsipras visit
Prime Minister Alexis Tsiprasís planned visit to Moscow on April 8 will be a ďbig eventĒ in the course of relations between Greece and Russia, according to the Russian ambassador in Athens, ...
Another suspect eyed in prison breakout plan
Police are on the trail of a criminal who is alleged to have played a part in supplying the weapons November 17 terrorist Christodoulos Xeros and other accomplices were due to use to help Co...
Inside News
BASKETBALL
Greens live dangerously in Istanbul
Panathinaikos played with fire in Istanbul, but still managed to beat Galatasaray 86-84 on Friday and climb to the third sport of its group two games before the end of the Euroleague top-16....
SOCCER
Greek federation backs injured Holebas
The Greek soccer federation on Friday insisted that international defender Jose Holebas had been dropped from team training in Austria because of injury and not for any other reason. Media r...
Inside Sports
COMMENTARY
Letīs change the subject
Letís talk about the weather. The cloudy skies, the rain, storms and humidity, the overall heavy atmosphere. Itís better to think of that than politics and politicians, whatever cuts they ma...
EDITORIAL
Too little, too late?
Many of the measures that are rumored to comprise part of the list that the Greek government is expected to submit to the European Commission, European Central Bank and the International Mon...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Moscow expects progress from Tsipras visit
2. Another suspect eyed in prison breakout plan
3. Eurogroup unlikely to be held soon to discuss Greek reforms
4. Disabled convicts to be freed early
5. Greek energy minister starts two-day visit to Russia on Monday
6. Opposition tells Tsipras to get control of his party
more news
Today
This Week
1. Moscow expects progress from Tsipras visit
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Another suspect eyed in prison breakout plan
4. Fitch downgrades Greece amid bailout uncertainty
5. Opposition tells Tsipras to get control of his party
6. Let's change the subject
Today
This Week
1. Next Monday is D-Day for state funds
2. PM faces Merkel amid race to detail reforms
3. Some more equal than others
4. Greece to present reforms by Monday, says gov't spokesman [Update]
5. Looking at the Chinese model
6. Greece optimistic on deal with euro area next week
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.