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08 November 2024
Issue: 8093 / Categories: Legal News , Class actions
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NLJ this week: Could representative actions be a funding gamechanger for investor protection claims?

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Representative actions have serious potential for multi-party claims in investor and securities issues, as Elaina Bailes, LSLA committee member and partner, Stewarts, and Tom Otter, senior associate, Stewarts, explain in this week’s NLJ 

The authors write: ‘If parties have the “same interest in a claim” then a claim can proceed via a class representative with judgment binding the affected class. However, for some time the case law moved away from a practical interpretation of what constituted “same interest” to it becoming a very high bar which few groups of claimants could meet.’

This could change, with beneficial outcomes for investor protection or securities claims. Bailes and Otter explain what representative actions are, and how they could assist investors in obtaining redress in otherwise unrealistic cases. They note that a key Court of Appeal judgment in this area is expected next year.

Finally, is it time to reform the rules to improve case management in such claims? 

MOVERS & SHAKERS

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NLJ Career Profile: Hugo Plowman, Mishcon de Reya

From global fraud cases to fishing off-grid, Mishcon de Reya’s chair of dispute resolution Hugo Plowman discusses mentors, management switching off

Maguire Family Law—Jennifer Hudec, Ciara Florey, Alice Ferguson & Ruth Wynn

Maguire Family Law—Jennifer Hudec, Ciara Florey, Alice Ferguson & Ruth Wynn

Maguire Family Law announces partner promotion and new hires amid a record year for enquiries

Switalskis—Rebecca Parry & Hannah Gamble

Switalskis—Rebecca Parry & Hannah Gamble

Switalskis wills and probate team extends reach with two appointments

NEWS
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Artificial intelligence does not demand a wholesale rewrite of liability law, argues an article challenging claims that new technology has created an accountability gap
Restrictions on workplace non-disclosure agreements could make settlements slower, more complex and more expensive when reforms expected in 2027 take effect
Private prosecutors face closer scrutiny under Crown Prosecution Service guidance designed to strengthen accountability and consistency when intervention is requested
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