In a judgment handed down this week by its Grand Chamber, the European Court of Justice (“ECJ”) decided that, under certain circumstances, a subsidiary can be held liable for cartel activity engaged by its parent company. This judgment has potentially far-reaching consequences and may give an additional impetus to private damages litigation. Background On 24 October 2019, Sumal (an alleged victim of the Trucks cartel) brought a claim for damages in follow-on litigation in front of…
Andreas Traugott heads Baker McKenzie’s Competition Practice Group in the Vienna office. He practices on EU and Austrian competition law, state aid and regulatory matters. Andreas has significant experience advising domestic and international clients on all aspects of competition law. He focuses on merger control, licensing and distribution, IP law, restrictive practices, abuse of dominance, cartel investigations and state aid. Andreas regularly represents clients before the Austrian and European competition authorities.