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ICLG.com

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Does EU report spell crunch-time for litigation funding?

Rob Harkavy of Global Legal Group argues that the report on third-party funding by German MEP Axel Voss, which was recently ratified by the European Parliament, has been watered down to such a degree from its restrictive first draft that some of the most ardent anti-regulation advocates are finding it difficult to disagree with its proposals.

Google Deepmind data action ‘dropped’

The UK data protection collective action against Google and its DeepMind subsidiary has been discontinued in its current form, according to reports. Group representative Andrew Prismall and Mishcon de Reya have withdrawn their action for data privacy breaches which was on behalf of a 1.6 million-strong class whose confidential data was shared in breach of data protection law. The withdrawal of the case is likely influenced by the failure of advertising cookies case Lloyd v Google, which was rejected by the Supreme Court in November last year.

Global Class Actions Symposium: A market on the rise

Andrew Mizner of ICLG shares highlights from the 2021 edition of the Global Class Actions Symposium. Third-party funding is “changing the market significantly”, opening a wider range of cases, explained Chris Warren-Smith, a London partner with Morgan Lewis & Bockius, in particular for securities and tax claims. We are starting to see a lot more types of actions funded,” he continued, describing funders as sophisticated operators, making “a very intelligent deployment of capital".

European Class Actions: The Funder’s Dilemma

Jeremy Marshall, Anna-Maria Quinke and Maarten van Luyn of Omni Bridgeway present a concise summary of the group claims landscape across various European jurisdictions and share their prediction that collective actions throughout Europe will increase once the Representative Actions Directive (RAD) kicks in over the next two years.

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