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Amsterdam, the place to settle

November 2011 - Corporate & Commercial. Legal Developments by Russell Advocaten .

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The unique possibility to declare collective settlements in Class Action cases binding upon all aggrieved parties only exists in The Netherlands. This possibility is based on the Dutch Collective Settlements Act (WCAM). Recently, the Amsterdam Court of Appeal has even opened its doors for cases that bind mostly non-Dutch nationals as well. To foreign (including U.S.) companies, it can be an attractive alternative solution to settle claims from victims residing in different countries, because it is a choice opportunity that can be used to end cross border mass disputes.

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