Date-stamp loading
Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 24 May 2024 - onwards
    Version 1 of 1    

126 Exemplary damages

(1) In section 47C of CA 1998 (collective proceedings: damages and costs), before subsection (2) insert -

"(1) The Tribunal may not award exemplary damages in collective proceedings."

(2) In Schedule 8A of CA 1998 (further provision about claims in respect of loss or damage before a court or the Tribunal) -

(a) in Part 4 (cartels), in paragraph 15 (liability of immunity recipients) -

(i) the existing text becomes sub-paragraph (1);

(ii) in sub-paragraph (1), in the words before paragraph (a), for "in respect of loss and damage suffered by" substitute "to";

(iii) after that sub-paragraph insert -

"(2) But an immunity recipient is not liable (either alone or jointly) by virtue of sub-paragraph (1)(e) to pay exemplary damages.";

(b) omit Part 8 (exemplary damages);

(c) in Part 10 (application), in paragraph 42, in sub-paragraph (1) omit ", 8".

(3) The amendments made by this section have effect in relation to competition claims, competition proceedings, claims for contribution arising

Comparing proposed amendment...