In Converium the Amsterdam Court of Appeal declared an international collective settlement binding on the parties even though the class members had only tenuous connections to the Netherlands.
Source quote, verbatim
The Amsterdam Court of Appeal in its Converium decision declared an international collective settlement binding on the parties to a settlement where the class members had rather tenuous connections to the Netherlands (none of the defendants
From
Wulf A. Kaal, Richard W. Painter, Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral (2012), II.B.2.b. Converium, p. 45 https://ssrn.com/abstract=2029983 · source PDF
Cite as
Wulf A. Kaal, Richard W. Painter, Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral (2012). SSRN: https://ssrn.com/abstract=2029983
Holds when
WCAM collective settlement proceedings
none of the defendants and only a few plaintiffs were domiciled in the Netherlands
alleged wrongdoing occurred outside the Netherlands and claims were not brought under Dutch law
Classification
empiricalsupport: evidencedlaw-and-legal-systems
Verify
The quote above is an exact substring of the source PDF, whose sha256 is fde2ff611420eb283cbb49a6b681a2ae8efa2b4603ae71480e2d91483f0295f2. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/1424a0f5f78cde42...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2029983-022.md | sha256sum