Top-level Hong Kong group discusses move to bring in class actions
Hong Kong is to take a step closer towards introducing class actions, with a working group made up of public officials and private sector representatives set to meet for the first time this month. The working group meeting comes after the Law Reform Commission (LRC) of Hong Kong issued proposals in May last year that could change the way companies operating in Hong Kong respond to claims from multiple parties.
January 10, 2013 at 07:03 PM
3 minute read
Hong Kong is to take a step closer towards introducing class actions, with a working group made up of public officials and private sector representatives set to meet for the first time this month.
The working group meeting comes after the Law Reform Commission (LRC) of Hong Kong issued proposals in May last year that could change the way companies operating in Hong Kong respond to claims from multiple parties.
Banks and other financial institutions are likely to be particularly affected should consumers be able to band together to bring claims for fraud, mis-selling and product liability, for example.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250