一
DSR 1
our own, for example, judgements under the US shipping legislation where the US have consistently tried to impose on our companies regulatory solutions which we do not support.
Clause 6 This clause also breaks new ground.
It would enable UK citizens, corporations in the UK or in a territory outside the UK for whose international relations HMG is responsible and other persons carrying on business in the UK to recover sums paid under foreign judgements for multiple damages in excess of the compensation for the loss of the person or company in whose favour the judgement was given. For this clause to operate, the person or company who received the judgement in its favour would clearly need to have assets in the UK. This clause is primarily aimed at the US legal practice of awarding treble damages in antitrust cases.
We consider such damages to be nenal and that UK companies need protection against this sort of activity.
3.
In drawing your attention to Section 7 (6) of the
Bill we invite you to comment, if you so wish, on the text
of the Bill which may have been considerably amend ed
before it reaches the Royal Assent stage.
No comments yet.
Private notes are available after approval.