Category Archives: Class Action Litigation

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New Dutch Act on Collective Damages in Class Actions Effective 1 January 2020

Introduction 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

Billion Euro Settlement for Former Fortis Shareholders Declared Binding

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 … Continue Reading
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