The Competition Damages Act2 entered into force on 27 December 2016 in Sweden. The Act governs actions for damages for infringements of competition law provisions and implements the EU Damages Directive.3
Cederquist’s Banking & Finance practice group was established in the late 90s and Cederquist was one of the first business law firms to establish a dedicated banking and finance practice and to offer high-end financing legal advice in Sweden. The quality of the firm’s banking & finance practice and the breadth of its client base are second to none in the Swedish legal market and puts the practice in a number one market leading position in the Nordics. Today the team represent all of the major Nordic banks.
Justice requires that companies and persons that have been victims of competition law infringements, such as cartels or abuses of dominant positions, receive proper compensation for their losses suffered as a consequence of the infringements.