This book specifically covers issues regarding jurisdiction and the recognition and
enforcement of judgments in cross-border mass disputes relating to financial services.
Collective redress mechanisms, legal mechanisms which can be used to resolve mass disputes
collectively, are growing more important. Due to the global increase in cross-border
trade and financial transactions, the number of cross-border mass disputes has increased.
In the EU, several prototypes of collective redress mechanism exist that can be used to
resolve mass disputes and, aside from the EUs recommendation on the drafting of
laws relating to collective redress, a reevaluation of the Brussels Regulation has also
taken place as on 10 January 2015 the Brussels I-bis Regulation replaced the old Brussels
Regulation dating from 2000.
In spite of a minor reference to collective redress in the Commission proposal, Brussels
I-bis does not contain any provision relating to collective redress. As a result, many questions
regarding cross-border mass disputes and the relevant private international law issues remain
unanswered and unresolved. This book sets out to describe the most important prototypes
by referring to actual collective redress mechanisms.
In addition, it also sets out how parties to such mass disputes can confer jurisdiction to courts
in the EU and what the various pitfalls are. Moreover, the rules concerning the recognition
and enforcement of judgments originating from a collective procedure are listed. As
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