On 26 March 2009, the European Parliament adopted a resolution which supports the European Commission’s (Commission) plans to promote private law actions and collective redress for damage caused by breach of competition law. The European Parliament is in favour of private law action for compensatory damages but does not support the idea of extending this to punitive damages. On collective action, the European Parliament stated that any proposed EU measures should be complementary to, and should not replace, existing national forms of action e.g. representative actions and test cases. Interestingly, the Resolution notes that the Commission has not formally identified the proposed legal basis for any EU legislative measure.
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European Parliament supports damages initiative
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