Deutsches Aktieninstitut warns of Collective Redress-mechanisms on the European level

Ahead of the publication of the European Commission’s plans on Collective Redress scheduled for 11 April, Deutsches Aktieninstitut has expressed its concerns as regards the adoption of imbalanced European Collective Redress-mechanisms in letters to Commission Vice Presidents Timmermans and Katainen. Especially unprecise criteria for identifying qualified entities eligible to raise legal action as well as a differences in the Member States‘ transposition of a European directive are capable of enhancing the danger of abusive litigation.