openPR Logo
Press release

GRP Rainer Rechtsanwälte: Experience in enforcing antitrust claims

01-20-2017 10:29 AM CET | Politics, Law & Society

Press release from: GRP Rainer LLP

GRP Rainer Rechtsanwälte: Experience in enforcing antitrust

Parties that have suffered loss as a result of the truck cartel are entitled to compensation. The law firm GRP Rainer Rechtsanwälte has the requisite experience in enforcing these kinds of claims.

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: Buyers and lessees of the affected vehicles suffered extreme losses due to illegal price-fixing agreements arranged by the truck manufacturers Daimler, DAF, MAN, Iveco and Volvo/Renault. The European Commission has already imposed a fine to the tune of almost three billion euros against the cartel members for violations of antitrust law. In doing so, the Commission also paved the way for those that purchased and leased the trucks to bring claims for damages, it no longer being necessary to prove that infringements of antitrust law occurred. Notwithstanding this, the claims need to be actively asserted. GRP Rainer Rechtsanwälte has the experience required to ensure that these kinds of claims are successfully enforced.

Among other things, the cartel members illegally fixed prices for medium and heavy-duty trucks, i.e. trucks weighing between 6 and 16 tons and heavier, between the years 1997 and 2001. This gave rise to a right to claim damages for those that purchased or leased these vehicles. It is not possible to attribute a general figure to individual claims. In order to determine the exact amount of any damages, it is necessary to prepare an expert assessment. Forwarders and transportation companies can also band together in arranging such an assessment as a way of minimising costs.

The claims can be enforced in court. That being said, there ought to be a good chance of being able to arrive at an out-of-court settlement with the cartel members, as it can be assumed that the truck manufacturers have made appropriate provisions for damages claims and are interested in reaching a solution out of court.

When asserting the claims, it is also important not to lose sight of the statute of limitations. In the case of trucks that were procured between 1997 and 2001, the claims could become time-barred as early as mid-January of 2017. As for more recent trucks, various dates have to be considered for the purposes of prescription. The statute of limitations is expected to kick in for trucks purchased in 2002 in the summer of 2017, with this taking place one year later for trucks procured in 2003. This is the way in which claims gradually prescribe.

To ensure that damages claims are asserted both on time and effectively, the aggrieved parties can turn to lawyers who are experienced in the field of antitrust law.

GRP Rainer LLP www.grprainer.com/en/ is an international firm of lawyers and tax advisors who are specialists in commercial law. The firm counsels commercial and industrial companies and corporations, as well as associations, small- and mid-sized businesses, self-employed freelancers and private individuals worldwide from offices Cologne, Berlin, Bonn, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London UK.

Contact Michael Rainer
Lawyer, Managing Partner

GRP Rainer LLP
Gürzenich-Quartier
Augustinerstraße 10
50667 Cologne
Germany

Phone: +49 221-27 22 75-0
info@grprainer.com
www.grprainer.com/en

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release GRP Rainer Rechtsanwälte: Experience in enforcing antitrust claims here

News-ID: 417909 • Views: 3229

More Releases from GRP Rainer LLP

GRP Rainer Rechtsanwälte – Experience in establishing companies
Choosing the right corporate form when establishing a company can contribute a great deal to the economic success of the business. We at the commercial law firm GRP Rainer Rechtsanwälte advise numerous businesses on company formation and takeovers as well as in the event of a change of partners or shareholders. In our experience, the partners or shareholders frequently neglect one critical point amidst all the euphoria: choosing the right corporate
OLG Köln: Will written with non-dominant hand valid
It is possible for a will to be valid even if it was written with the hand one does not normally write with. That was the verdict of the Oberlandesgericht (OLG) Köln [Higher Regional Court of Cologne] in its ruling of August 3, 2017 (Az.: 2 Wx 149/17). In addition to preparing a notarized will, a testamentary disposition can also be handwritten. To this end, the will needs to be written
OLG Köln: Only serious misconduct justifies withdrawal from contract of inherit …
Apart from a will, it is also possible to prepare a contract of inheritance as a way of organizing one’s estate. It should be noted, however, that a contract of inheritance has a significantly stronger binding effect. In the absence of a will or contract of inheritance, the rules of intestate succession apply automatically following the death of the testator. If these run contrary to the testator’s wishes, a testamentary disposition
Commercial agent’s claim for compensation following voluntary termination
A commercial agent may even be entitled to compensation if he or she voluntarily issues notice of termination. However, the company’s conduct needs to give rise to legitimate grounds for termination for this to happen. When a commercial agency agreement is brought to an end, the commercial agent often has a right to compensation. This is because the company in a lot of cases continues to profit from the client contacts

All 5 Releases


More Releases for Rechtsanwälte

GRP Rainer Rechtsanwälte – Experience in establishing companies
Choosing the right corporate form when establishing a company can contribute a great deal to the economic success of the business. We at the commercial law firm GRP Rainer Rechtsanwälte advise numerous businesses on company formation and takeovers as well as in the event of a change of partners or shareholders. In our experience, the partners or shareholders frequently neglect one critical point amidst all the euphoria: choosing the right corporate
GRP Rainer Rechtsanwälte: Experience drafting Berliner Testaments
Spouses ought to be afforded financial security in the event of their partner’s death. Many married couples want this to happen and therefore prepare a joint will, also referred to as a “Berliner Testament” (Berlin will). In the absence of a will or contract of inheritance, the rules of intestate succession apply. We at the law firm GRP Rainer Rechtsanwälte note that this generally means that the spouse inherits half of
GRP Rainer Rechtsanwälte: Experience in enforcing claims following trademark vi …
If a registered trademark is infringed, it is possible to take action against this. GRP Rainer Rechtsanwälte is experienced in enforcing and fending off claims arising from trademark violations. Trademarks create greater brand recognition among consumers and in doing so foster customer loyalty. It is therefore crucial for businesses to have their trademarks protected to prevent competitors from profiting from their success. As a commercial law firm with a great deal of
GRP Rainer Rechtsanwälte: Assessing managers’ liability risk
Company managers bear a high level of not only responsibility but also risk. Various measures can be taken to reduce the risk of directors’ and officers’ (D&O) liability. When a crisis or insolvency occurs, the manager’s accountability and thus also his personal liability are issues that ever more rapidly take centre stage. Liability claims directed at executive boards, supervisory boards or managing directors can arise even in cases involving simple negligence.
GRP Rainer Rechtsanwälte – Assessing trademark violations
Protecting your brand is crucial. One ought to take resolute action against trademark violations. That being said, you should first assess whether a trademark violation has in fact occurred. Trademarks result in greater brand recognition among consumers and are accordingly of great significance to businesses. It is therefore all the more important to seek protection for one’s own brand and take a rigorous approach to trademark violations. Having said that, it
New Accession to the Corporate Department of rwzh Rechtsanwälte
Again rwzh Rechtsanwälte welcome a new member in their Munich office. As of 1st October 2013 Mr. Sebastian Buchholz, LL.M., attorney-at-law (Germany), is joining the Corporate Team of rwzh Rechtsanwälte after a stage with the law firm of Latham & Watkins. Due to his Spanish experience his accession consequently follows the continuous development of the Spanish Team of the firm which has a strong Spanish practice focus and offices in Munich