New Spanish trucks rulings reach fresh conclusions on costs, interest

04 November,2019 - 10:00 pm UTC

Two Spanish commercial courts have recently granted damages to claimants seeking redress for a European truck cartel, but have reached new conclusions concerning the due costs and interest.

An Oviedo court ordered Daimler to pay EUR 12,734 to a claimant, but found that the firm must only pay interest accrued since the filing of the claim, while a Pontevedra judge, who also granted damages, instructed MAN to bear the costs of the proceedings due to its obstructive strategy.

The actions follow the July 2016 European Commission (EC) decision imposing a EUR 2.92bn penalty on truck makers Daimler, Iveco, Volvo/Renault and DAF for fixing the prices of heavy and medium heavy trucks between 1997 and 2011.

PaRR subscribers can read the full article on PaRR here.

Not a subscriber? PaRR delivers global intelligence on competition law. To read this article and more, apply for a free trial below.

To read the full article, try PaRR for free:

One of our team will be in-touch to set-up your free trial