Two applications to represent the industry and seek compensation for vehicles bought while a truck cartel was in operation have been made to the Competition Appeal Tribunal (CAT). The European Commission issued the record €2.9bn (£2.5bn) fine to Daimler, DAF, Volvo Group and IVECO in 2016 after concluding the OEMs had operated a cartel between […]
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Calls have been made for further investigations in the UK into alleged price-fixing in the oil industry, after European anti-trust regulators confirmed they had carried out raids on several firms involved in the sector.
A third group action has been registered with the Competition Appeal Tribunal (CAT) seeking redress for those affected by the €3bn truck price-fixing cartel.
Deben Transport’s claim for damages in relation to the truck cartel could be as much as £8m and, if successful, would potentially result in a payout to trade creditors, according to the administrator.