Wednesday, 22 September 2010

No EU group action for consumers

EU Justice Commissioner Viviane Reding told the Financial Times Deutschland in an interview that there will be no legislative proposal for a group action for consumers on the short term. This applies for both consumer law and competition law. Reding argues that the risks for businesses are to severe, which would be particularly undesirable taking into consideration the current state of the economy.

Click here for the article in the FTD.

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