Hong Kong Mulls Creation Of Class Action Regime

Law360, New York (November 6, 2009, 2:47 PM EST) -- Hong Kong is considering whether to allow class action litigation in the wake of losses Hong Kong minibond investors suffered from the collapse of Lehman Brothers Holdings Inc.

A subcommittee of Hong Kong's Law Reform Commission published a consultation paper Nov. 5, proposing to introduce a mechanism in Hong Kong for multiparty litigation.

Under current Hong Kong law, the only way to deal with multiparty litigation is a rule on so-called representative proceedings that was criticized as too restrictive by the Chief Justice's Working Party on...
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