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The EU's Collective Redress Directive — The Potential for Collective Consumer Lawsuits: An Introduction | Faegre Drinker Biddle & Reath LLP


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In this series of alerts, we will analyze what the Collective Redress Directive means for companies doing business in the EU.
Procedural Status Update
The European Parliament’s November 24 formal endorsement followed a fairly protracted procedural saga. The Directive was first presented in April 2018 as part of the “new deal for consumers,” a legislative package drafted in response to high-profile cases involving “mass harm,” or breaches of consumer rights in multiple EU member states, like the Volkswagen diesel investigations and lawsuits in which the manufacturer was alleged to have used software to secure certain results on diesel emission tests. ....

European Union , Faegre Drinker Biddle Reath , European Parliament , Faegre Drinker Biddle , Representative Actions , Collective Interests , Repealing Directive , Collective Redress Directive , Collective Redress , Member States , Member State , ஐரோப்பிய தொழிற்சங்கம் , ஐரோப்பிய பாராளுமன்றம் , பிரதிநிதி செயல்கள் , கூட்டு ஆர்வங்கள் , திரும்பப் பெறுதல் உத்தரவு , கூட்டு நிவாரணம் உத்தரவு , கூட்டு நிவாரணம் , உறுப்பினர் மாநிலங்களில் , உறுப்பினர் நிலை ,

Why investors should care about their portfolio companies infringing competition law | Allen & Overy LLP


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Financial investors, including private equity businesses, can be held liable for competition law infringements committed by one of their portfolio companies.
In a judgment of 27 January 2021 (
See
1), the Court of Justice of the European Union (
CJEU) confirmed that financial investors holding 100% of the voting rights in an indirect entity that participated in a cartel are liable, even if they did not own 100% of the share capital. In doing so, the CJEU expanded the doctrine of parental liability, which is already subject to criticism, particularly in the private enforcement context. ....

E Sistemi Srl , Allen Overy , European Union , European Commission , Prysmian Spa , Prysmian Cavi , Initial Public , Collective Redress Directive , Share Purchase , ஆலன் ஓவரீ , ஐரோப்பிய தொழிற்சங்கம் , ஐரோப்பிய தரகு , பிரிஸ்மியன் ஸ்பா , பிரிஸ்மியன் கேவி , ஆரம்ப பொது , கூட்டு நிவாரணம் உத்தரவு , பகிர் கொள்முதல் ,

E.U. Parliament Endorses Directive to Permit Collective Consumer Lawsuits, Including for GDPR Violations | Hinshaw & Culbertson - Insights for Insurers


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The European Union Parliament officially endorsed a directive on November 24, 2020, concerning representative actions that will allow collective lawsuits to protect the combined interests of consumers for alleged violations of E.U. law in a broad range of areas, including data protection. The Collective Redress Directive requires E.U. Member States to implement within 24 months at least one effective procedural mechanism that will allow qualified entities, such as consumer organizations, to bring representative lawsuits on behalf of consumers. The Directive advises that these qualified entities should be independent and should not be influenced by persons other than consumers who have an economic interest in the bringing of a representative action, in particular by traders or hedge funds, including in the event of funding by third parties. ....

Hinshaw Culbertson , European Union Parliament , Collective Redress Directive , ஹின்ஷா குல்பெட்சன் , ஐரோப்பிய தொழிற்சங்கம் பாராளுமன்றம் , கூட்டு நிவாரணம் உத்தரவு ,