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Since the US Supreme Court’s decision in Morrison v. National Australian Bank, the international relevance of Dutch law on class action settlements has increased.
Since the US Supreme Court's decision in Morrison v.
National Australian Bank, the international relevance of Dutch law
on class action settlements has increased.
Now that "foreign cubed class actions" have become a
problem in the United States, the Netherlands may become a serious
alternative for the certification of class action settlements
involving non-US investors in non-US securities listed on a non-US
stock exchange.
In The International Comparative Legal Guide (ICLG) to Class
& Group Actions 2015, Ruud Hermans and Jan de Bie Leuveling
Tjeenk comment on International Class Action Settlements in the
Netherlands since Converium.
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