The Competition Act provides that any person harmed by anti-competitive conduct may bring a civil action for damages against the firm that engaged in the conduct (provided that the Competition Tribunal has declared the conduct to be anti-competitive).
The Competition Commission's on-going enforcement of contraventions of the Competition Act is likely to result in an increase in civil damages claims in South Africa. This would follow trends in the development of private competition law enforcement in other major competition law jurisdictions such as the European Union.
However, there are legal and economic challenges with such claims that both prospective litigants and potential defendants need to be aware of.
Webber Wentzel competition law experts will discuss the practical and legal challenges relating to civil damages claims and class actions for anti-competitive conduct. Richard Murgatroyd, of RBB Economics, will highlight the economic challenges relating to such claims.
Date: Thursday, 31 May 2012
Time: 07:30 for 08:00 - 09:30
Venue: Webber Wentzel, 10 Fricker Road, Illovo Boulevard, Johannesburg
RSVP: Please reply to firstname.lastname@example.org before Friday, 18 May 2012.
This seminar will be of particular interest to directors, board committee members, in-house counsel, company secretaries and anyone that may have been the victim of anti-competitive behaviour or may face the prospect of defending such a damages claim.