Consultation launched on opt-out system
25th April 2012
A consultation has been launched on proposals which could see the UK adopt a US-style opt-out system in competition law cases.
The government is confronting the issue of collective redress as part of wider planned reforms of private actions; if businesses react positively to the suggestions, then claims will be allowed to be pursued on behalf of groups of people, unless anyone concerned decided to opt out. It is hoped that the measure will reduce instances of competition infringement.
If the proposals go through, solicitors with legal jobs in the competition sector are likely to be involved in a great deal more cases, with the value of remuneration packages also expected to increase.
Other issues which will be put out to consultation include efforts to reduce the number of dispute resolution actions which go all the way to court by promoting alternative means of settlement, and making sure that private cases follow the same regime as those subject to public enforcement.