The UK’s opt-out competition regime has developed at an extraordinary pace. In little more than a decade, the Competition Appeal Tribunal (CAT) has become the forum for claims worth billions of pounds, often involving novel theories of harm, sophisticated business models, and some of the most technically demanding economic evidence presented in the UK (and European) courts.
Questions involving data, pricing and consumer behaviour—issues at the heart of how major technology firms operate—are increasingly finding their way into competition proceedings. The result is a rapidly evolving legal and economic landscape with considerable impact on public policy, the business environment and consumer protection. And the debate over how it evolves is intensifying.
In this article, “Why economic experts matter in Britain’s biggest lawsuits,” Liam Colley discusses how economic evidence will be fundamental in such litigation.