# kaal:claim:2029983-025

**Claim.** The Netherlands is already Europe's most attractive venue for collective settlements because it is the only European country that allows a collective settlement in mass litigation to bind all class members who do not opt out.

**Type.** empirical  **Support.** argued

**Holds when.**

- European jurisdictions as of 2012

**Source quote.**

> The Netherlands is already Europe's most attractive venue to facilitate such settlements because it is the only European country that allows a collective settlement in a mass litigation to be binding on all class members who do not opt-out of the

**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, page 50

**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

**Verify.** sha256 of source PDF `fde2ff611420eb283cbb49a6b681a2ae8efa2b4603ae71480e2d91483f0295f2` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Painter%20-%202012%20-%20Forum%20Competition%20and%20Choice%20of%20Law%20Competition%20in%20Securities%20Law%20after%20Morrison%20v.%20National%20Austral.pdf

**Topics.** institutional-design

**Keywords.** netherlands, opt-out, collective-settlements, wcam, europe

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