Law office and lawsuits funders are competing to make the most of a boost in cumulative redress treatments that brand-new EU legislation on group lawsuits is anticipated to create.
Embraced in the wake of the Dieselgate emissions scandal, the EU’s representative actions instruction needs all 27 EU nations to put in location a legal structure that enables not-for-profit entities such as customer organisations to submit cross-border cumulative actions in mass damage circumstances, while nations that do not yet have a group lawsuits treatment in their nationwide laws will require to present a minimum of one.