Düsseldorf

Private Enforcement in German Courts: Between Law and Economics

Law & Economics workshop organised by Concurrences with Prof. Dr. Peter Meier-Beck (German Federal Court of Justice), in partnership with Allen & Overy and The Brattle Group.

Dr. Ellen Braun (Partner, Allen & Overy) formally opened the conference by presenting the topic and introducing the speakers.

Law and economics: How does the law find its way to the economy and the economy to the law?

The legal perspective was presented by Prof. Dr. Peter Meier-Beck (Presiding Judge, Bundesgerichtshof); the economic perspective was explained by Prof. Dr. Kai-Uwe Kühn (Professor of Economics, University of East Anglia); and Dr. Lukas Rengier, Senior Associate Allen & Overy, Hamburg and Dr. Ellen Braun (Partner, Allen & Overy, Hamburg) then elaborated upon the legal perspective from the specific point of view of lawyers.

Dr. Braun started by outlining the history of private enforcement actions and claims in Germany. Back in 2003 and 2004, there were only a few cases. Private enforcement became more common after the 2005 legal reform; in 2018, there were thirty-four decisions.

The legal reform introduced a plaintiff-friendly legislation; the amount of awarded damages and penalties has been increasing subsequently.

Photos © Emilie Gomez

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Speakers

  • Bundesgerichtshof (Karlsruhe)
  • Allen & Overy (Hamburg)
  • University of East Anglia (Norwich)
  • Allen & Overy (Hamburg)