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EU rules presuming damage could be ‘death penalty’ for price-fixers, top German judge says

By Lewis Crofts ( November 14, 2013, 13:07 GMT | Insight) -- Draft EU rules on damages could become a “death penalty” for companies involved in cartels, forcing price-fixers to pay out many more times the actual damage caused, a judge at Germany’s Supreme Court has told MLex. “If you have to pay the damage you caused three or four times, it doesn’t have anything to do with compensation,” presiding judge Joachim Bornkamm said.Draft EU rules on damages could become a “death penalty” for companies involved in cartels, forcing price-fixers to pay out many more times the actual damage caused, a judge at Germany’s Supreme Court has told MLex....

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