Clifford Chance

Competition Appeal Tribunal blesses the first Application for Settlement under the Collective Proceedings Order regime

18 December 2023

On 6 December 2023, the Competition Appeal Tribunal ("CAT") heard the first application for settlement under the collective proceedings order regime as part of the McLaren collective proceedings. These proceedings combine follow-on claims for damages arising from a European Commission decision which found a cartel involving the twelve McLaren defendants in the market for deep sea carriage services. This application for settlement was made jointly by the Class Representative ("CR") and the twelfth defendant, Compañía Sud Americana de Vapores S.A. ("CSAV"), the smallest of the twelve defendants, whose estimated market share was 1.7%.

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