Out-of-Court Redress Schemes

Abstract This chapter elaborates on the key concepts of out-of-court redress schemes. It focuses on alternative dispute resolution in competition cases, which are voluntary redress schemes, alternative-dispute resolution, settlement schemes, and arbitration. The aforementioned alternative dispute-resolution mechanisms allow victims to settle cases quickly and easily on a voluntary basis, therefore most systems try to promote the resolution of claims outside court. The rationale for encouraging voluntary redress schemes or consensual dispute-resolution systems correlates to the costs and uncertainty of litigation. The chapter looks into the question of the arbitrability of competition law within the US and some EU jurisdictions.