Antitrust Court In UK Says Class Must Be 'Identifiable'

Law360, New York (March 11, 2014, 7:39 PM EDT) -- Proposed rules explaining how collective actions would work under a consumer rights bill making its way through Parliament would require a case to be brought on behalf of an "identifiable class" of people to get collective status, UK's competition court said Monday.

At the request of the British government, the Competition Appeal Tribunal published draft rules for how the newly proposed collective actions would work in the U.K. if the Consumer Rights Bill secures legislative approval.

Similar to Rule 23 in the U.S., the proposed regulations...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.