Legal Business

‘A watershed moment for enforcement’ – sizing up class action competition reforms

Cleary’s Sunil Gadhia and Paul Gilbert on the much-touted reforms of competition disputes

We have begun a journey into the unknown. The new collective action regime for competition litigation, which came into effect on 1 October, has set the market abuzz with speculation. For example, in the wake of the recent benchmark manipulation scandals, what impact will the new regime have for banks?