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UK Class Actions Update: Merricks Secures Uncontested CPO, But the Competition Appeal Tribunal Shows It Retains Significant Teeth to Narrow Claims | Skadden, Arps, Slate, Meagher & Flom LLP

After protracted challenges to class certification status, in Merricks v Mastercard the U.K. Competition Appeal Tribunal (CAT) granted its first collective proceedings order (CPO). The. ....

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Banks face £1bn class action over forex rigging

Banks face £1bn class action over forex rigging
lawgazette.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawgazette.co.uk Daily Mail and Mail on Sunday newspapers.

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Across the Horizon: Growing Class Action Risks in the UK and EU | Alston & Bird

Across the Horizon: Growing Class Action Risks in the UK and EU | Alston & Bird
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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Merricks v Mastercard – UK Supreme Court Clarifies Low Bar for Class Action Certification | Skadden, Arps, Slate, Meagher & Flom LLP

To embed, copy and paste the code into your website or blog:
On 11 December 2020, the U.K. Supreme Court (the Court) handed down its much-awaited ruling in
Merricks v Mastercard,
2 decision in a 3-2 ruling. The main aspects of the decision are explained below:
This ruling revives the possibility of a claim by 46.2 million individuals in the U.K. for alleged losses spanning over 16 years across all retail sectors in the U.K. economy, valued at £14 billion.
The diversity of the consumers, retail businesses and extent (if any) of passing-on of overcharges to consumers were not necessarily a bar to certification. Rather, the test was whether the class was more suitable for collective proceedings than individual actions, noting the risk that individual claims would be uneconomic. ....

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At a glance: regulation of litigation funding in United Kingdom (England & Wales)

Regulation
Is third-party litigation funding permitted? Is it commonly used?
Third-party litigation funding is permitted and endorsed by the judiciary and policymakers as a tool of access to justice. Consistent with modern public policy, English courts have a generally positive attitude to third-party funding.
The Competition Appeal Tribunal recently described third-party litigation funding as ‘a well-recognised feature of modern litigation that facilitates access to justice for those who otherwise may be unable to afford it’ (
UK Trucks Claim Limited v Fiat Chrysler Automobiles NV and Others and
Road Haulage Association Limited v Man SE and Others [2019] CAT 26). The tribunal s view underlines how far the law has changed since the days when funding another party s litigation could constitute both a crime and a tort. ....

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