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ARTICLE · 25 OCTOBER 2019

New Act Makes The Netherlands More Attractive For Collective Actions

The Act on redress of mass damages in a collective action (Wet afwikkeling massaschade in collectieve actie) (WAMCA) was approved by the Dutch Senate on 19 March 2019, ...

NetherlandsFinance and Banking

The Act on redress of mass damages in a collective action (Wet afwikkeling massaschade in collectieve actie) (WAMCA) was approved by the Dutch Senate on 19 March 2019, building on previous legislation first introduced in July 2005.

One consequence of the new Act is that Dutch courts and Dutch claimant foundations (associations representing an unnamed group with similar interests) may become more attractive for large, international collective actions with respect to events that took place after 15 November 2016. 

This is because, among other benefits, WAMCA has improved the position of claimants seeking redress. In fact it makes collective compensation actions possible on behalf of individuals and their legal representatives. 

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