16 December 2010 21:30 [Source: ICIS news]
TORONTO (ICIS)--A court in ?xml:namespace>
The case goes back to 2006, when the European Commission fined a group of chemical firms, including Kemira, Arkema, AkzoNobel, Solvay and FMC Forest, €388m ($511m) for involvement in a hydrogen peroxide cartel.
Brussels-based Cartel Damages Claims (CDC) said it acquired claims for compensation from 32 pulp and paper makers who were the victims of the cartel that lasted from 1994 to 2000. It did not name the pulp and paper firms.
CDC is specialised in the purchase, preparation and private enforcement of damage claims resulting from the infringement of competition law, it said.
“CDC assesses the effects of anticompetitive behaviour on the prices actually paid in the market in question, and enforces damage claims in its own name and on its own account against cartel members Europe-wide,” it said.
Commentators said the case marked new legal ground for
The chemical companies were not immediately available for additional comment as offices had closed for the day in
($1 = €0.76)
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