What’s driving damages? The 2 Travel v Cardiff Bus competition law ruling
The UK Competition Appeal Tribunal recently issued a judgment in a follow-on competition law damages action between 2 Travel and Cardiff Bus. The latter had previously been found to have abused its dominant position, leading 2 Travel to claim £50m in damages. The decision, which awarded £33,818.79 in lost profits and £60,000 in exemplary damages, provides important precedent on how courts use facts and economic evidence in determining the amount of lost profit.
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