kaal:claim:2029983-028

The WCAM requirement that a court approved foundation pursue the action makes the Dutch regime more burdensome than the U.S. system, which requires only a lead plaintiff and class approval.

Source quote, verbatim

This WCAM re- quirement makes the Dutch regime somewhat more burdensome than the United States' system, which simply re- quires a lead plaintiff and class approval.

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.4. Countervailing Factors, p. 53
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

Dutch collective proceedings under the WCAM

Classification

failuresupport: arguedfailure: foundation-requirement-burdenfamily: compliance-cost-and-barrier-to-entryinstitutional-design

Verify

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Attestation record: colloquium/attestations/4f46246b43edba0c...json
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