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CAT awards £1.5m in UK’s first collective settlement

Published:

Competition and Regulation

The Competition Appeal Tribunal has approved the UK’s first collective settlement approval order. The £1.5m settlement between Mark McLaren, class representative, and Compania Sudamericana de Vapores S.A. (CSAV) was approved following a hearing on 6 December 2023.

This was the first ever collective settlement approval order made by the Tribunal under the collective proceedings regime created by amendments to the Competition Act 1998 made by the Consumer Rights Act 2015.

Nicholas Gibson with Sarah Ford KC (Brick Court Chambers) acted for the claimants, instructed by Belinda Hollway, Doug Campbell, Ruth Manson and Saphya Caus of Scott+Scott.

Useful Link(s):

The Law Gazette