As of 25 June 2023, new rules apply protecting consumers’ collective interests in mass claims throughout Europe. The rules stem from the European Parliament and Council Directive (EU) 2020/1828 of
Continue Reading EU Deadline Sharpens Contours of European Consumer Class Action LandscapeIntroduction
On 1 January 2020, the Dutch Act on the Resolution of Mass Claims in Collective Action (Wet afwikkeling massaschade in collectieve actie) (Dutch acronym: WAMCA) will enter into effect, introducing the possibility of claiming damages on a collective basis under an opt-out regime for Dutch residents and an opt-in regime for parties residing abroad.
Continue Reading New Dutch Act on Collective Damages in Class Actions Effective 1 January 2020
On 13 July 2018, the Amsterdam Court of Appeals declared a € 1.3 billion settlement between Ageas (previously Fortis Bank) and its former shareholders binding under the Dutch Class Action (Financial Settlement) Act. This constitutes the largest settlement ever between a European company and investors, but the decision may have unexpected consequences for the revenue model of claim organizations in the future.
Continue Reading Billion Euro Settlement for Former Fortis Shareholders Declared Binding