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Mishcon says it submitted a response on UK competition collective-action reform
Mishcon de Reya said it responded to the Department for Business and Trade’s consultation on competition redress, regulatory appeals and enforcement. The firm said its submission focused on the opt-out collective actions regime and supported targeted changes, including allowing damages-based agreements alongside third-party litigation funding.
Key points
- Mishcon said it opposed introducing a standalone statutory cost-benefit test at certification.Mishcon de Reya
- The firm’s response proposed updated guidance on costs budgeting.Mishcon de Reya
- Mishcon said redress schemes should include safeguards for adequate compensation.Mishcon de Reya
- The firm’s response supported a greater role for defendants in distributing payments to eligible recipients.Mishcon de Reya