Irish hauliers and councils may seek €200m damages against truck manufacturers.
The European Court of Justice ruling may prompt thousands of compensation claims according to a report in the Irish Times this week.
Thousands of truck owners in Ireland who bought vehicles between 1997 and 2011 could begin compensation action through the Irish courts against manufacturers after a decision this week by the European Court of Justice (ECJ).It is expected that claims in Ireland by hauliers, local authorities and semi state bodies for damages in Irish Courts against Europe’s biggest truck manufacturers over alleged anti- competitive practices may about to more than € 200 million.
Several major truck manufacturers Volvo, Renault, Iveco, DAF and Scania have broken EU anti- trust laws with has sparked a series of claims against the companies.
An estimated 40,000 vehicles from these manufacturers were registered in the Republic between January 1997 and the end of 2010, the period during which the commission says the price-fixing cartel was in operation.
The claims follow a determination by the European Commission in July 2016, that several major truck manufacturers – MAN, Volvo Renault, Daimler, Iveco and DAF – had broken EU anti-trust laws. An investigation by the commission later ruled that Scania also broke EU antitrust rules according to the Irish Times article*.
Record fines totalling €3.8 billion were imposed on the companies. MAN avoided a fine because the company had revealed the existence of the cartel to the commission.
Hauliers, local authorities and semi-state companies are among groups that may seek damages in Irish courts against Europe’s biggest truck manufacturers over alleged anti-competitive practices.
As a result of the investigation’s findings, dozens of Irish hauliers, have taken separate actions for damages to the High Court over alleged breach of Irish and EU competition laws.
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*In contentious business, a solicitor may not calculate fees or charges as a percentage or proportion of any award or settlement.
Irish news article : July 31st 2019.