Ideas for Europe-wide legislation on class-action litigation—or rather its half-brother “collective consumer redress” actions—are suddenly up for discussion at European Union headquarters in Brussels.
Under the general objective to give much-needed teeth to consumer enforcement mechanisms in Europe, the legal rights of shareholders receive some attention, but not top priority. Collective onsumer redress legislative packages are coming to life on a national basis, but so far they have made it to just 10 of the EU’s 27 member states.
