Dutch legislator submits bill introducing a collective damages action to Dutch Parliament

On 16 November 2016 the Minister of Security and Justice has submitted the bill introducing a collective damages action to the lower house of Dutch Parliament. Under the current collective litigation regime, no monetary damages can be sought on a collective basis. The essence of the bill is that this restriction will be removed, so that a group action for monetary damages is possible. At the same time, the bar is raised for collective claims in order to achieve a fair and balanced system, which provides a higher level of finality for defendants. Click here for more.