Competition proceedings are often complicated, time-consuming and costly. The calculation and proof of damages are only possible with a great deal of data. The clear benefits of working with us include the following: 1. Strong team of experienced experts - In order to enforce your claims professionally and successfully, we work together with the prestigious law firm Hausfeld and Dr Roman Inderst, the renowned competition economist. They have considerable experience and an extraordinary reputation in this field, so that you can be supported in this effort by a strong team of experts. 2. Intelligent IT solutions - Through our efficient and specialised IT infrastructure, we can provide you with the best possible solution for enforcing your claims. 3. No risk of costs - We assume the enforcement of your claims on the basis of a pure success commission on the damages obtained. We bundle the claims of our customers. This allows many truck buyers to successfully enforce their claims, as we bear all the costs and risks.

Yes, there is a risk that your claims will become time-barred. For vehicles that were acquired by purchase, hire purchase or lease up to 31 December 2003, an acute period of limitations problem currently exists. Such claims could become time-barred starting as of 1 January 2019. As such, please note that you can only register vehicles acquired in the period from 01.04.2004 to 31.12.2016.

The actual damage for each individual truck depends on several aspects, such as the manufacturere as well as the date of acquisition. From the present data our economical expert calculated an average damage of several thousand euros per truck.

Of course, anyone who has purchased or leased a truck, or acquired a truck through hire purchase, can attempt to find a solution with the truck manufacturers alone. As a rule, however, such an approach is likely to be futile. At this time, truck manufacturers are either not prepared to negotiate, or at best are offering economic concessions on future purchases, hire purchases or leases of trucks. However, such purportedly better terms will certainly be well below what is likely to be the damage, which is roughly estimated at 5% to 20% of the purchase price, plus interest.

After the assignment, on the recommendation of our contract attorneys and economists, we decide on whether and on what terms a settlement with the truck manufacturers could be sensible. Since we are directly involved in the proceeds of a settlement or a lawsuit, we – just like you – have a keen interest in achieving the best possible settlement.

You can register trucks with us which were acquired in the years of 01.04.2004 to 2016. The deadline for the registration of vehicles from the period of 1997 to 2003 has already expired. Therefore, claims can no longer be enforced with us for that period of time. The period of the truck cartel determined by the European comission was 1997 until 2011; we assume an aftereffect of the truck cartel until 2016.

We enforce claims in connection with the following criteria: • Truck from 6 tonnes of permissible total weight • Acquisition between 01.04.2004 and 2016 • New vehicles from the manufacturers Daimler, Volvo/Renault, MAN, Iveco, DAF and Scania • Purchase, lease and hire purchase Please note: For reasons of the period of limitations, only claims from 01.04.2004 onwards can be considered.

Unfortunately, any claims for damages arising from the purchase of used trucks or demonstration vehicles cannot be considered. Furthermore, we cannot consider trucks which were registered before acquisition (one-day-regsitration). Also trucks, that were directly resold to third parties cannot be regsitered with us.

No, unfortunately, we do not enforce any damages claims for rented trucks.

We will enforce your claims on the basis of a pure success commission. The costs of the proceedings will be borne by financialright claims, which will also advance them. There are no hidden fees or other costs. Only if we are successful will you pay us a success commission of 33% of the claim to compensation that is paid. If no success is achieved, your company will not have to bear any costs.

For your trucks, we will need PDF scans of the acquisition documents (for example, the purchase contract, lease contract or invoice). Furthermore you need to provide us with the vehicle identification number (VIN). Also important is the registration certificate, which states the euronorm.

Both lawsuits were alreay submitted. You may register for the list of prospects, so we can inform you in case a third claim is being prepared.

The decision of the European Commission of 19 July 2016 determined, after many years of investigation, that the truck manufacturers Daimler, DAF, IVECO, MAN and Volvo/Renault formed a cartel regarding secret price fixing from 1997 to 2011. For such violations, the EU Commission imposed a monetary penalty of 2.927 billion euros against the cartel members. The manufacturer Scania had rejected the cartel allegations. Only MAN was able to achieve leniency from the fine, since the truck manufacturer, as a key witness, informed the Commission of the cartel. You can read the decision of the European Commission of 19 July 2016 here. On 27 September 2017, Scania was also subject to a fine of 880 million euros for impermissible price fixing. Scania contested the decision. Please also read the decision of the European Commission against the truck manufacturer Scania.

We work with various associations, including the BGL (Bundesverband Güterkraftverkehr Logistik und Entsorgung (BGL) e.V.) and the AMÖ. For example, we offer a solution for the enforcement of claims for damages as developed for freight forwarding on the initiative of the BGL - reviewed by the legal department of the BGL. More than 20 national and international associations have already joined the initiative, with more than 160,000 trucks registered. Please state your association when registering.

Yes, they already do with us. Colloquially, a class action designates the bundling of claims that are brought together into a single lawsuit. The bundling of parallel claims against the same defendant is expressly provided for in Paragraph 260 of the German Code of Civil Procedure (Zivilprozessordnung), since a multitude of further proceedings are avoided with one court proceeding. Due to the fiduciary assignment, it is possible for financialright claims to bundle the parallel claims of affected truck buyers, and combine them into one or more lawsuits. Incidentally, class action lawsuits have long been customary in competition proceedings. Large companies such as Deutsche Bahn have initiated such class action lawsuits regarding hundreds of millions of euros in litigation value, most recently regarding the air freight cartel.

The first lawsuit against the truck cartel was filed in the end of December 2017 , the second one in December 2018 at the County Court I in Munich. In the first claim more than 3,200 companies are being represented with over 85,000 trucks, in the second claim more than 3,800 companies are represented with over 64,000 trucks. The duration as well as the result of the lawsuits are uncertain. Due to the size it will probably take several years.