Deutsches Aktieninstitut Warns of Imbalanced Legislation for EU Representative Action

Deutsches Aktieninstitut fears that the EU Commission’s legislative proposal on representative actions will – if adopted unchanged – create more problems than it will solve. The level of safeguards against abusive litigation remains far behind the standards adopted in the Commission’s 2013 recommendation on collective redress. Furthermore, the interaction of national and European rules on collective redress remains unclear and enhances forum shopping.