European business warned on legal settlements

European business faces huge bills under plans to grant individuals US-style rights to sue for damages over defective products or price fixing (cartels), German industry warned in a report published 9 October 2007. The BDI, the German employers’ association, and Freshfields Bruckhaus Deringer, the law firm, unveiled the report arguing that the European Commission proposals would be costly and unnecessary.

Website: Federation of German Industries (BDI) http://www.bdi-online.de/en/3812.htm

Website: Freshfields Bruckhaus Deringer http://www.freshfields.com/en.asp

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