In the UK, the growing prevalence of Class Actions and the
circumstances in which businesses are threatened with them,
including changing rules on litigation funding and more flexible
procedures, means that Class Actions are becoming a major risk for
our clients. The nature and size of such disputes, if not managed
effectively, can lead to costly and long lasting litigation which
can affect profitability, share prices, financial reporting and
their reputations.
Historically, countries such as the US and Australia have been
the most active proponents of Class Action activity, but the
picture is changing across the UK and Europe and it is vital
that our clients are alive to the potential risks that this
brings.
