The UK Consumer Rights Act 2015 is set to come into force on 1 October 2015, bringing changes to domestic competition law and increasing the remit of the Competition Appeals Tribunal (CAT).
Victims of anti-competitive practices will be able to bring standalone damages claims in the CAT. The limitation period for bringing follow-on-proceedings in the CAT will be increased from 2 years to 6 years, in line with the time limits in the High Court. The Act also provides for consumers to be able to seek compensation by way of opt-out class actions and for smaller businesses to have easier access to injunctive relief.
It remains to be seen whether there will be the expected increase in damages claims.
For the full Act, click here.