Leniency PLUS+ – Reducing risk exposure
With its Leniency PLUS+ concept CDC offers cartel members a way to reduce their risk exposure regarding cartel damage actions. Analogously to public leniency programs, the Leniency PLUS+ concept for private damage claims is developed to provide incentives to cartel members to cooperate in the private enforcement process.
Under the Leniency PLUS+ concept, a cooperating cartel member typically, beyond paying a discounted compensation, provides information and data that facilitate the enforcement of antitrust damage claims against other members of the respective cartel. An essential aspect of may be the commitment of CDC not to enforce claims against cooperating cartel members which are usually jointly and severally liable for the damage caused by the cartel.
As CDC is purchasing cartel-related damage claims from a multitude of damaged companies, CDC is able to bundle a large part of claims to which Leniency PLUS+ candidates could potentially be exposed. In the end, cartel members might even benefit twice if they decide to cooperate under both the public leniency programs and the CDC Leniency PLUS+ concept.
For further information and to discuss a potential cooperation, please contact Dr Till Schreiber by email (email@example.com) or phone (+32 (0) 2 213 49 22).