[49B Collective settlements: where a collective proceedings order has not been made]
Competition Act 1998 (1998 c 41) | Legislation

[49B  Collective settlements: where a collective proceedings order has not been made]

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

(a)     a collective proceedings order has not been made in respect of the claims, but

(b)     if collective proceedings were brought, the claims could be made at the commencement of the proceedings (disregarding any limitation or prescriptive period applicable to a claim in collective proceedings).

(2)     An application for approval of a proposed collective settlement must be made to the Tribunal by—

(a)     a person who proposes to be the settlement representative in relation to the collective settlement, and

(b)     the person who, if collective proceedings were brought in respect of the claims, would be

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