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…
In
Competition Litigation
EU: Subsidiaries can be held liable for the actions of their parent companies says the EU’s highest court (this is a first)
by Francesca Richmond, Frank Kroes, Marcin Trepka, Paloma MartÃnez-Lage, Jonas Brueckner, Miriam Allena, Andrea Cicala and Katia Boneva-Desmicht
3 Mins Read