The German Federal Court of Justice opens the door to collective action claims in cartel cases (financialright)

With its recent decision in the financialright case [1] the highest German civil court, the Federal Court of Justice (Bundesgerichtshof, “BGH”), clarified that the bundling of claims through an assignment to a legal service provider, the so-called assignment model, is allowed under German law. The importance of this judgment cannot be overstated as it finally ends a legal battle over the legality of the assignment model that has dragged on for years, and provides for the assignment model as a way of collective redress in Germany. I. Assignment model Germany still lacks a general system of collective legal redress. Both the German legislator and the German courts have historically been opposed to provide for real collective redress out of fear of importing “US style class actions,” which

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Alex Petrasincu, Christopher Unseld, The German Federal Court of Justice opens the door to collective action claims in cartel cases (financialright), 13 juin 2022, e-Competitions June 2022, Art. N° 108435

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