[49A Collective settlements: where a collective proceedings order has been made]
Competition Act 1998 (1998 c 41) | Legislation

[Settlements relating to infringements of competition law]

[49A  Collective settlements: where a collective proceedings order has been made]

[(1)     The Tribunal may, in accordance with this section and Tribunal rules, make an order approving the settlement of claims in collective proceedings (a “collective settlement”) where—

(a)     a collective proceedings order has been made in respect of the claims, and

(b)     the Tribunal has specified that the proceedings are opt-out collective proceedings.

(2)     An application for approval of a proposed collective settlement must be made to the Tribunal by the representative and the defendant in the collective proceedings.

(3)     The representative and the defendant must provide agreed details of the claims to be settled by the proposed collective settlement and the proposed terms of that settlement.

(4)

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