ALON.jpgProf. Willem Van Boom, University of Leiden

With the enactment of the 2005 Collective Settlement of Mass Damage Act (WCAM 2005) the Dutch legal system and indeed Dutch society has taken a significant step towards a more efficient resolution of mass damage claims. The WCAM 2005 seems especially promising for attaining relatively swift settlement of mass securities claims in the Dutch context. The Act has also drawn in foreign settlements. The Dutch legislator is currently assessing the situation: should the Act be extended to include a new form of forced settlement? This would perhaps bring the Dutch legal context closer to a full-fledged class action. In this talk, an overview of these developments is given.