Superfast: Act on collective damages claims passed Dutch Senate!
The Act on collective damages claims passed the Dutch Senate today, only seven weeks after approval by the House of Representatives on 29 January 2019!
The Act will allow claim vehicles to seek damages in a collective action, which was impossible under the current Act. On the other hand the Act contains stricter requirements for such a collective action. Procedural changes are – among others – the appointment of an exclusive representative, the possible consolidation of multiple collective actions and an obligation to try to negotiate a settlement agreement after appointment of the exclusive representative .
The Act will enter into force on a date to be announced. It will then be applicable on new litigation related to events that occurred on or after 15 November 2016. On all other events the current regime will remain applicable.