The Dutch Court of Appeal holds that global class action settlements can go through national courts (Converium)

An interesting judgment of the Court of Appeal (Gerechtshof) of Amsterdam of 17 January 2012 shows that Dutch courts have jurisdiction to deal with international mass claim settlements. In its decision, the Court made binding a settlement agreement reached in the Converium case. This settlement awards damages to all non-American shareholders of Converium, a Swiss reinsurer, further to a decline in the

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Auteur

  • Court of First Instance of Namur (Namur)

Citation

Martin Favart, The Dutch Court of Appeal holds that global class action settlements can go through national courts (Converium), 17 janvier 2012, e-Competitions January 2012, Art. N° 58845

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