wyers for truck manufacturers accused of colluding on prices appeared in Dutch court this week to fend off damages claims, warning that the Netherlands is in danger of becoming a “claims paradise”, reports Mlex.
A ruling by the Amsterdam’s Court of Appeal confirms that the country has become a welcoming hub for transnational and international collective litigation. As reported by the Dutch press, the Amsterdam Court of Appeal is allowing a claim from a large group of Ivorians against Trafigura to proceed.
Kevin LaCroix, author of the D&O Diary, spotlights the recent growth of collective investor actions on a global stage. LaCroix notes Columbia University Law Professor John Coffee’s recent blog which details “how entrepreneurial U.S.-based plaintiffs’ law firms have managed to circumvent apparent local obstacles and succeed in pursuing collective investor actions even in otherwise inhospitable legal environments”.
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