France’s financial regulator has fined London-based H2O Asset Management, its group CEO and CIO a total of €93 million ($99 million) “for several breaches committed in the management of French funds relating to investments in financial instruments”. Deminor is funding a legal action against H2O on behalf of the investors who suffered losses.
Werner Eyskens and Evelien Van Espen of Crowell & Moring discuss the second case led by Deminor on behalf of Arco shareholders after the Brussels Court declared Deminor’s first case inadmissible in November 2021, highlighting the most important procedural obstacles for collective actions under Belgian judicial law and the effect that the first Arco case could have on the second one.
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