Overview

Cartel Damages represents a comprehensive practical guide on the law, economics, and measurement of cartel damages under UK and European competition laws. It draws together the most recent research on cartels, economic analysis, empirical techniques, case law, and legislation to examine how the quantification of losses suffered by those harmed by a cartel are, and could be, applied under European and UK competition laws.Written with the practitioner in mind, the author adopts a rigorous yet pragmatic approach to the subject. Detailed discussions of leading cases complement the treatment of the application of economic theory and empirical techniques in competition law and litigation. Three useful appendices provide the reader with quick reference guides to statistics on European Cartel Decisions (1999 to 2018), Bank of England 'base rate' (1980-2019), and where to find key documents and information.This represents an essential tool for competition practitioners and academics involved or interested in cartel damages. Fully cross-referenced and tabled, Cartel Damages is an invaluable and practical guide to issues of increasing importance and relevance in competition law.

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9780198855163

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Reviews

This is an excellent work, which will be useful to anyone involved or interested in cartel litigation-whether as counsel, an expert, an academic or as an informed client. * Bruce Wardhaugh, University of Durham, European Competition Law Review * An impressive and comprehensive piece of work a worthy addition to the Oxford University Press competition textbook stable * Dr Gunnar Niels, Partner, OXERA * Cartel Damages: Principles, Measurement and Economics is an excellent and comprehensive guide to the quantification of cartel damages claims under EU and UK law. It is written by a leading economist who has considerable experience of giving expert evidence in competition cases as well as of teaching law and economics.His detailed treatment of this subject successfully encompasses both disciplines with great clarity. It is destined to become a standard guide to this subject and will undoubtedly be extensively used by legal practitioners, economists and judges. It is unreservedly recommended. * Aidan Robertson QC, Brick Court Chambers; Visiting Professor, University of Oxford * Cartel Damages is a magisterial synthesis of the economics of cartel overcharges and antitrust litigation in the UK and European courts. Dr. Veljanovski has provided a thoughtful and up-to-date review of the challenges and intricacies facing experts who engage in antitrust damages actions in Europe. * Professor John M. Connors, Purdue University and American Antitrust Institute * This book is the first comprehensive, practical textbook on cartel damages in the EU and the UK. It covers the key legal principles and provides an essential guide to the economic methodologies employed to calculate damages in cartel cases. ... It is also very effective at grounding its content in practical examples and the latest case law. I would highly recommend this book to a wide range of readers, including lawyers, in-house counsel and economics consultants working in this area, judges who are likely decide on such cases, and academics researching the private enforcement of competition law. Although the book focuses on the EU and the UK, the key issues and methodologies for calculating damages will be highly relevant to readers across many other jurisdictions. * Professor Andreas Stephan, University of East Anglia *

This book is the first comprehensive, practical textbook on cartel damages in the EU and the UK. It covers the key legal principles and provides an essential guide to the economic methodologies employed to calculate damages in cartel cases. ... It is also very effective at grounding its content in practical examples and the latest case law. I would highly recommend this book to a wide range of readers, including lawyers, in-house counsel and economics consultants working in this area, judges who are likely decide on such cases, and academics researching the private enforcement of competition law. Although the book focuses on the EU and the UK, the key issues and methodologies for calculating damages will be highly relevant to readers across many other jurisdictions. * Prof. Andreas Stephan, University of East Anglia *

This book is the first comprehensive, practical textbook on cartel damages in the EU and the UK. It covers the key legal principles and provides an essential guide to the economic methodologies employed to calculate damages in cartel cases. ... It is also very effective at grounding its content in practical examples and the latest case law. I would highly recommend this book to a wide range of readers, including lawyers, in-house counsel and economics consultants working in this area, judges who are likely decide on such cases, and academics researching the private enforcement of competition law. Although the book focuses on the EU and the UK, the key issues and methodologies for calculating damages will be highly relevant to readers across many other jurisdictions. * Professor Andreas Stephan, University of East Anglia * Cartel Damages is a magisterial synthesis of the economics of cartel overcharges and antitrust litigation in the UK and European courts. Dr. Veljanovski has provided a thoughtful and up-to-date review of the challenges and intricacies facing experts who engage in antitrust damages actions in Europe. * Professor John M. Connors, Purdue University and American Antitrust Institute *

This is an excellent work, which will be useful to anyone involved or interested in cartel litigation--whether as counsel, an expert, an academic or as an informed client. * Bruce Wardhaugh, University of Durham, European Competition Law Review * An impressive and comprehensive piece of work a worthy addition to the Oxford University Press competition textbook stable * Dr Gunnar Niels, Partner, OXERA * Cartel Damages: Principles, Measurement and Economics is an excellent and comprehensive guide to the quantification of cartel damages claims under EU and UK law. It is written by a leading economist who has considerable experience of giving expert evidence in competition cases as well as of teaching law and economics.His detailed treatment of this subject successfully encompasses both disciplines with great clarity. It is destined to become a standard guide to this subject and will undoubtedly be extensively used by legal practitioners, economists and judges. It is unreservedly recommended. * Aidan Robertson QC, Brick Court Chambers; Visiting Professor, University of Oxford * Cartel Damages is a magisterial synthesis of the economics of cartel overcharges and antitrust litigation in the UK and European courts. Dr. Veljanovski has provided a thoughtful and up-to-date review of the challenges and intricacies facing experts who engage in antitrust damages actions in Europe. * Professor John M. Connors, Purdue University and American Antitrust Institute * This book is the first comprehensive, practical textbook on cartel damages in the EU and the UK. It covers the key legal principles and provides an essential guide to the economic methodologies employed to calculate damages in cartel cases. ... It is also very effective at grounding its content in practical examples and the latest case law. I would highly recommend this book to a wide range of readers, including lawyers, in-house counsel and economics consultants working in this area, judges who are likely decide on such cases, and academics researching the private enforcement of competition law. Although the book focuses on the EU and the UK, the key issues and methodologies for calculating damages will be highly relevant to readers across many other jurisdictions. * Professor Andreas Stephan, University of East Anglia *

Author Information

Dr Cento Veljanovski is Managing Partner of Case Associates and IEA Fellow in Law & Economics. He has appeared as an expert witness in competition law, commercial and damage litigation before the UK Competition Appeal Tribunal (CAT), English & Wales High Court, Scottish Court of Sessions, Irish High Court, Federal Court of Australia, New Zealand High Court, Den Haag District Court, Finnish Higher Administrative Court, Vilnius County and Regional Administrative courts, and Hong Kong Telecommunications' (Competition Provisions) Appeals Board. These have included the leading competition damage cases of Crehan, Hendry, actions against members of the 'international vitamins' cartel' (Deans/BCL, Devenish, Moy Park, Grampian/Vion) and Merricks v MasterCard. Dr Veljanovski has also held academic positions in law and economics at a number of insitutions, is the former Research Director of the Institute of Economic Affairs.

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