Shaping the boundaries of collective redress in Germany – a glimpse of the future under an EU representative action regime?

    A recent judgment handed down by Germany’s highest civil court will be of interest to financial institutions concerned about so-called class action tourism. In a decision that will help shape the boundaries of collective redress in Germany, the German court has dismissed a claim brought against a financial institution under the Model Declaratory Action procedure. … Read more

    High Court dismisses unconscionable bargain and lawful act economic duress defences raised in context of lender’s claim

    The High Court has granted a lender’s application for summary judgment in relation to its USD $10.5 million claim against a borrower and guarantor for outstanding sums due under finance agreements: Adare Finance DAC v Yellowstone Capital Management SA & Anor [2020] EWHC 2760 (Comm). The decision will be welcomed by financial institutions considering their … Read more

    Climate-related disclosures for issuers: next steps from UK financial regulators outlined

    This month, there have been some significant regulatory announcements in relation to climate-related disclosures. These announcements are a result of the increasing focus on climate change and sustainability risks across governments, regulators and industry and a continued move towards corporate compliance with the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations. While not launching new … Read more

    Class action reform in France: Necessary, but debatable

    Proposals for a new, general regime for class actions in France were recently presented to the French National Assembly. If accepted, the new regime will replace the current, sector-based approach where class actions are governed by a variety of consumer, environment, public health and employment legislation. It will also expand substantially the list of organisations … Read more