Fortis Case Confirms Viability Of Dutch Settlement Law

By Jonathan Richman and Ianika Tzankova (July 27, 2018, 1:39 PM EDT) -- The Amsterdam Court of Appeal has approved a €1.3 billion ($1.5 billion) collective settlement of claims asserted on behalf of shareholders of the former Fortis (now Ageas). The July 13, 2018, decision again shows that the Dutch Act on Collective Settlement of Mass Claims, or WCAM, can be used to resolve transnational disputes regardless of whether those claims could be litigated adversarially on a classwide basis in the Netherlands or elsewhere. However, some plaintiffs attorneys have raised questions about whether the court's treatment of attorneys' fees might reduce incentives for large shareholders to initiate WCAM settlement procedures....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!