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Collective action between regulatory goals and individual claimants’ rights – Collective redress mechanisms in EU Member States as points of departure for procedural innovation

  • The EU Collective Redress Recommendation has invited Member States to introduce collective redress mechanisms by 26 July 2015. The well-known reservations claim potentially abusive litigation and potential settlement of not well-founded claims resulting from controversial funding of cases by means of contingency fees and from ‘opt-out’ class action procedures. The paper posits that there may also be some fear that the European Commission may try to pursue the enforcement of its regulatory agenda in this way at the expense of individual claimants’ interests. Therefore a comparative analysis is carried out to see to what extent concerns about individual rights as opposed to regulatory goals are reflected in the different newly revised systems in place across Europe. As an iterim result the Dutch settlement procedure for mass damage claims, the English Group Litigation Order and the German test case procedure turn out to be relatively well-suited to deal with mass damage claims. At the same time, none of them can quite reach an optimal balance between individual rights and regulatory goals and therefore each of them is subject to criticism. That is why the further question is raised in how far these procedures could complement each other, thus contributing to the enforcement of individual rights without overregulating markets in Europe.

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Metadaten
Verfasserangaben:Brigitte Haar
URN:urn:nbn:de:hebis:30:3-393757
Titel des übergeordneten Werkes (Deutsch):Arbeitspapier / Fachbereich Rechtswissenschaft, Goethe-Universität Frankfurt am Main = Research paper / Faculty of Law, Goethe-Universität Frankfurt am Main, Nr. 2017,5
Schriftenreihe (Bandnummer):Arbeitspapiere / Fachbereich Rechtswissenschaft, Goethe-Universität = Research paper / Faculty of Law, Goethe University (2017, 5)
Verlag:Goethe-Univ., Fachbereich Rechtswiss.
Verlagsort:Frankfurt am Main
Dokumentart:Arbeitspapier
Sprache:Englisch
Jahr der Fertigstellung:2017
Jahr der Erstveröffentlichung:2017
Veröffentlichende Institution:Universitätsbibliothek Johann Christian Senckenberg
Datum der Freischaltung:30.09.2017
Freies Schlagwort / Tag:Collective Redress Recommendation; collective action; investor protection; settlement procedures; test cases
Seitenzahl:30
HeBIS-PPN:41914224X
Institute:Rechtswissenschaft / Rechtswissenschaft
DDC-Klassifikation:3 Sozialwissenschaften / 34 Recht / 340 Recht
Sammlungen:Universitätspublikationen
Lizenz (Deutsch):License LogoDeutsches Urheberrecht