Govt unveils competition reforms in 'quantum leap' towards US-style class actions
The Government has unveiled a new ‘opt out' collective redress system, described as "a quantum leap towards US-style class actions", as part of a series of wide-ranging competition law reforms following a consultation last year. The measures, unveiled by business secretary Vince Cable last month, have received broad approval from senior lawyers, after initial proposals were put forward for consultation by the Department for Business Innovation and Skills (BIS) in April last year.
Lawyers size up Cable’s competition reforms as Government sets out new ‘opt out’ collective redress regime
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