Houthoff Buruma is organizing briefings in NY and Houston on the Dutch class action system
Houthoff Buruma is organizing briefings in New York and Houston regarding the threats and opportunities of the Dutch class action system and its implications for class action suits in the United States.
Since Morisson v. National Australia Bank, foreign investors have been looking for non-US jurisdictions to bring their class actions. They have discovered that the Dutch legal system is one of the most liberal European legal systems in offering opportunities for this type of actions. Since 2005 a number of cross border opt-out based class settlements have been reached and approved by Dutch courts. Currently a draft bill is pending, introducing an opt-out based class action system in the Netherlands that will make it possible to claim damages on behalf of the members of a class, irrespective of the type of claim and the place of residence of the members of the class.
Albert Knigge, who heads the Houthoff Buruma practice group specializing in defence litigation in class actions, will discuss the threats and opportunities of the Dutch class action system. The briefings will take place on October 25, 2017 in New York (contact person Helena Sprenger) and October 26, 2017 in Houston (contact person Carmen Bakas)