UK government to consider the introduction of a consumer law class action regime: what might this mean for UK financial services firms?

The UK government has asked the Law Commission to consider whether the way consumer laws are enforced could be strengthened through the introduction of a new class action regime for consumer law claims in England and Wales. The objectives of such a regime would include improving consumers' access to redress, both by securing redress in court and by ensuring that damages are distributed to the affected class - and promoting the efficient conduct of litigation at proportionate cost.... By: Hogan Lovells