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Data-driven insights into class action risk across Europe, a key concern for major corporates.
As the only report to analyse data from class action proceedings across Europe from the past five years, we aim to provide you with a true picture of this strategic litigation risk. The report shows further growth in the overall number of class actions, and with it, increased quantum. However, this apparently familiar trend disguises significant structural changes in the group litigation landscape. With the Representative Actions Directive (RAD) now being implemented across the EU, we anticipate yet further increases in the years to come.
Key findings:
- New peak: 133 class action claims were filed across Europe in 2023, the highest number to date. 2023 saw “opt-out” class actions outnumber “opt-in” class actions for the first time in Europe.
- UK at risk forefront: The UK remains the highest-risk jurisdiction for class actions in Europe, with the total claimed value of class actions in the UK – opt-in and opt-out – in the region of EUR 145bn and competition class actions involving over 540 million class members by the end of 2023.
- Portugal surpasses Netherlands: Portugal’s class action claims, amounting to EUR 45.85bn, surpassed those in the Netherlands (EUR 35.33bn) in 2023. In Portugal, actions seeking monetary payment increased six-fold compared to 2022.As always, we welcome your feedback on the report, so we can continue to improve the format for you.
Explore the full report here.
