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US/BusinessEurope cooperation

Friday 20 November 2009

During a joint conference about competition policy, on 19 November, the US Chamber of Commerce and BusinessEurope, the Confederation of European Business, reiterated their firm belief that private legal actions seeking collective damages in antitrust cases will only increase the dangers of abusive litigation in Europe with little benefit for the victims. Fair procedures are essential if the credibility of enforcement decisions is not to be undermined, not only in Europe and the US but also in many other countries around the world, they also said. BusinessEurope Director General Philippe de Buck said: “We urge antitrust authorities to further deepen their international cooperation on competition policy and enforcement, to ensure a coherent approach to markets regulation worldwide.” US Chamber Institute for Legal Reform President Lisa Rickard added: «We recommend European policy-makers seek to avoid importing a US-style system which would encourage abusive litigation with limited benefit to consumers.»



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