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10 September 2021
Issue: 7947 / Categories: Legal News , Collective action
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NLJ this week: Opt-out class actions

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What implications does the Merricks v Mastercard case have for insurers and consumers?

The Competition Appeal Tribunal certified the case last month as suitable to go ahead on an opt-out basis. £7.2bn is potentially at stake. It would be the largest group action in English history.

Samantha Silver, partner at Kennedys Law, believes a cultural shift is afoot. Writing in this week’s NLJ, she looks at what the case may mean for funders, consumers and insurers.

MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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