Private Actions in the United States, Canada and Europe
|Area||Competition, Antitrust and Foreign Investment|
Chapter originally published in The Guide to Energy Market Manipulation, Global Competition Review
Excerpt from “Private Actions in the United States, Canada and Europe”:
In Canada, the European Union and Member States with developed private action regimes (e.g., Germany, the Netherlands and the United Kingdom), no significant private actions have been brought alleging that a firm or firms have manipulated energy markets. Such actions are also rare in the United States. Similarly, energy-specific legislation that permits a regulator to pursue market manipulation generally does not grant a private right of action where a firm or firms have allegedly manipulated energy markets. Having said that, in these jurisdictions, private rights of action and (forms of) collective redress are available with respect to energy market manipulation under competition laws and other causes of action.
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