Class Actions across various jurisdictions
The contemporary economic scenario is characterized by the global exchange of goods and services and an international network of producers.
Andersen professionals working in several European jurisdictions have focused on the analysis of class actions from a litigation perspective.
In this in-depth study by Andersen’s Litigation & Arbitration service line, we analyze how while interconnection brings economic benefits, it also amplifies the potential harm to a multiplicity of stakeholders, where consumers are particularly vulnerable. Specific and general regulations governing class actions in different European jurisdictions will be explored, as well as the legal tools available for businesses and consumers to obtain redress for damages resulting from administrative decisions or other systemic issues.
The recent pandemic has highlighted the impact of administrative decisions on businesses, as evidenced by the increase in class action claims in various industries, fitness and gyms being a small example. Recognizing the need for a legal framework that addresses collective challenges by various parties, several European countries have enacted laws that facilitate the use of this tool. This legal mechanism serves as a tool for a considerable number of plaintiffs to collectively pursue claims against a common defendant, which may be another corporate entity or a public authority.
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