Dutch doors wide open to Class Action Settlements
Class Action Settlements are binding even if the connection with the Dutch Legal sphere is minimal. With its (provisional) decision in the Converium case (Amsterdam Court of Appeal, November 12 2010, LJN BO3908 (Converium), the Amsterdam Court of Appeal has opened the gateway to class settlements in the Netherlands even further, stipulating that the Netherlands is an attractive alternative to class settlements in the US, especially since the Morrisson ruling of the US Supreme Court in summer 2010 (Morrisson v National Australia Bank, 561 US 2010).