In 2020, the Netherlands embarked on a comprehensive overhaul of its collective redress system, offering a new, opt-out regime that quickly garnered attention as Europe’s prime destination for class action lawsuits. This shift prompted a significant influx of international funders and specialty litigation firms. Following this change, the country experienced a considerable surge in legal action, with approximately 50 claims filed within two years of the new system’s implementation.
Despite the promising influx of claims, Law.com reports that only three of these dozens of cases, all initially supported by litigation funders, successfully navigated the first legal step towards a trial.