Document Type : Research/Original/Regular Article

Authors

• Reza Khoshnodi
• Reza Alipour
• Alireza Shokohian

Abstract

Not only breach of competition law's regulations has negative effect on economic efficiency, but also causes damages to persons. Since, various legal systems want to prevent anti-competitive conducts and compensate the losses that arise from these conducts, by designing various legal mechanisms. But, we should keep in mind that primarily, evaluation of theoretical bases of compensable damages is necessary to discuss injured parties' compensation issues. Study about these bases illustrates differences between various legal systems. Moreover, compensation of losses that arise from anti-competitive conducts has multilayer goals. In one hand, that wants to reach short-time aims that most important of them is compensation of injured parties or in other word compensatory aim. To reach this goal, special methods are designed; such as private and class action. On other hand, we can't condone long-time aims. Most important consideration between them is preventing the anti-competitive conducts’ occurrence that can be reached by punitive damages. Summary analysis of theoretical bases of compensable losses and current compensation methods of such losses in different legal systems, will illustrate our legal system's failures.

Keywords

• Competition Law
• Compensable Damages
• Class Actions
• Restorative function
• Punitive Function