On 22 June 2020, negotiators from the European Union Parliament and Council took a major step toward giving EU consumers a US-style mechanism to seek collective redress when they reached agreement on the Collective Redress Directive.
While there will be a lag in the effective date – the agreement needs to be formally approved by both the EU Parliament and Counsel, and member states will then have 24 months to transpose the rules and a further 6 months to apply them – it is worth considering now how the Directive compares to the US class action regime so that businesses can begin considering what the Directive may mean to them.
