On 17 January 2012 the Appeals Court in Amsterdam, the Netherlands concluded class settlement proceedings in the Converium securities litigation. In its decision the court made explicit reference to the 2010 United States (U.S.) Supreme Court judgment in Morrison v. National Australia Bank. It is interesting to consider these decisions - which have sparked debate in their respective jurisdictions - from a trans-Atlantic perspective more specifically. The decisions in the Converium case confirm the Netherlands as the pre-eminent European centre for the settlement of international collective claims outside of the U.S.
European Company Law