American-style litigation – get it here in Europe! Will Commission ignore both industry & MEPs protests?
October 1, 2009
On the eve of her departure as EU Competition Commissioner, Mrs Neelie Kroes is apparently pushing to commit her successor and the entire future EU Commission into setting up a legal framework that will use litigation as the privileged mechanism of collective redress. My Director General, Adrian Harris commented “We are deeply concerned that the Commission is even considering introducing such a measure which is so alien to our legal traditions and not, as far as we can see, supported either by politicians or by industry. Quite the contrary. We are therefore particularly surprised that the Commission should be thinking of taking such steps at a time when we believe regulators should be aiming at stabilising the regulatory and legal framework so as to reassure and attract investment in Europe to help to get the economy moving again.” [more]Author : EngineerComms