British judges have rejected proposals by the Civil Justice Council and the Office of Fair Trading that could have triggered US style class action suits in UK. The proposals relate to consumers who have suffered due to anti-competitive practices of businesses.
The new proposals recommended that damages be determined so that the perpetrators be stripped of unlawfully gained damages, or to deter potential wrongdoers.
The Judges have upheld English law that damages should be limited to the extent of provable losses. Analysts said that this development would deter many claimants, who would question whether the financial returns would justify the effort put into a suit.
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