Our reputation is also based on our success in reaching amicable solutions in complex cases. As evident from press articles, press releases, annual reports and public statements by defendants, CDC has achieved multiple out-of-court settlements with several cartel members in the Hydrogen Peroxide, Paraffin Wax and Sodium Chlorate cases. This resulted in significant compensation payments to the companies which had assigned their claims to CDC.
Understanding the process of achieving settlements
We have long-lasting first-hand experience and broad knowledge in achieving successful resolutions in competition law damage actions. Through all our Europe-wide cases we established a deep understanding of both the legal and strategic aspects involved in complex settlement processes resulting in multimillion Euro compensation for cartel victims. In particular, CDC has negotiated and achieved settlements in several EU jurisdictions, including Germany, the Netherlands and Finland.
The settlements take account of the justified interest of the settling cartel member to put an end to the litigation and be protected from successful contribution proceedings by the remaining defendants. CDC also developed innovative settlement structures that take account of potential contribution claims between cartel members.