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Expert Analysis

The Netherlands Returns As A Collective Settlement Forum

Law360, New York ( March 15, 2016, 4:00 PM EDT) -- Ageas (the former Fortis) and several organizations representing Fortis shareholders on Monday announced a €1.204 billion settlement of shareholder claims under the Dutch Act on Collective Settlement of Mass Claims (WCAM). The proposed settlement, which is subject to approval by the Amsterdam Court of Appeal, marks the re-emergence of the Netherlands as a potential forum for classwide resolution of transnational disputes that can no longer be resolved in the United States (or virtually anywhere else in the world)....

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