Today, the UK Court of Appeal published its judgment in relation to DAF’s appeal of the Competition Appeal Tribunal’s (CAT’s) judgment in Royal Mail / BT vs DAF.
DAF had four grounds of appeal, relating to: the econometric estimation of the overcharge; the scope for pass-on (in the context of companies subject to regulatory price controls); the value of commerce; and the estimation of interest. The Court of Appeal has rejected DAF’s appeal in its entirety.
James Harvey, supported by the team at Economic Insight, provided substantial expert evidence for Royal Mail and BT during the proceedings at the CAT, covering 8 of the 10 issues requiring determination. The expert evidence included several days of oral evidence given during cross-examination and so-called hot-tubbing.