EU Consumer Attitudes Towards Collective Actions and Litigation Funding | The Institute for Legal Reform at the U.S. Chamber of Commerce
September 29, 2017
Collective Actions (similar to 'class action' lawsuits in the US) are a relatively new form of litigation in the EU which aim to obtain redress for groups of plaintiffs, often used in consumer cases. As they have become more common, so has a practice known as third party litigation funding (TPLF), where financial firms financial firms invest in a case by paying lawsuit expenses in return for a portion or percentage of the proceeds.
As the Commission of the European Union prepares to make a significant policy decision on collective actions, WorldThinks partnered with the Institute for Legal Reform at the U.S. Chamber of Commerce to assess how European consumers feel about the development of these collective action mechanisms and how they are potentially being funded.
Supporting Safeguards: EU Consumer Attitudes Towards Collective Actions and Litigation Funding captured 6,177 consumers in six EU Member States, including France, Germany, the Netherlands, Poland, Spain, and the UK. You can read the full report below:
Ilr World Thinks Eu Consumer Attitudes To Collective Action Report PDF