Collective redress in Europe reported to be open to abuse
23rd Mar 2017
A new report released by the U.S. Chamber Institute for Legal Reform shows collective redress litigation models, known as class actions in the US, are proliferating across Europe, but the systems are developing without safeguards to protect consumers and employers.
The report, The Growth of Collective Redress in the EU: A Survey of Developments in 10 Member States, examines the collective redress systems of 10 EU Member States that represent 79 percent of the EU population and 82 percent of its GDP. The findings reveal troubling trends in these countries’ collective redress litigation models, including the filing of multiple billion euro claims, the expansion of US class action firms to the European market, and significant growth of the litigation funding industry without any government oversight.
Read the full report here.