Engineering company ABB was today ordered to pay BritNed, the Anglo-Dutch interconnector venture, just over 13 million euros after a London court said it had suffered damage due to a cartel in submarine power cables. The landmark case is the first follow-on damages claim stemming from a cartel decision to proceed through to a full trial and judgment in the UK. BritNed had originally claimed around 180 million euros in compensation.
Zoltan Biro, a director in Frontier’s competition practice, acted as expert economic witness on behalf ABB. The judgment is available here.
Frontier regularly provides expert testimony in commercial arbitrations.
For more information, please contact media@frontier-economics.com or call +44 (0) 20 7031 7000