Proposed consumer lawsuit regime may expose businesses to mass litigation
City A.M.
The UK government's proposed class-action scheme could significantly increase litigation risks for businesses.Summary
The UK government, through the Law Commission, is proposing a class-action scheme that would allow consumers to collectively sue businesses, potentially expanding beyond competition law to include general consumer rights. This shift, which may include an opt-out model, is expected to increase litigation risks and costs for businesses, which are already facing economic challenges. Experts warn that the regime could create significant legal exposure and costs, with some estimates suggesting it could cost the country up to £18bn.
(Source：City A.M.)