Parliament set to bolster private competition actions in the UK
30 March 2015
Mayer Brown Legal Update
On 26 March 2015, after a prolonged period of Parliamentary debate, the Consumer Rights Act 2015 was passed into law. The Act, which will come into force in October this year, will bolster the rights of consumers and businesses alike to take action and obtain redress where they have fallen victim to unfair conduct. Amongst the key changes introduced by the Act are the establishment of the Competition Appeals Tribunal as the venue of choice for competition litigation; enabling collective actions to be brought on an “opt-out” basis; and promoting alternative dispute resolution for competition claims. The Act is significant in the development of private “follow-on” actions in the UK, and will have far-reaching implications for the way competition litigation will play out.