News News Flash - Measures relating to collective actions to protect the collective interests of consumers 16/12/2020

On December 4, Directive (EU) 2020/1828 of the European Parliament and of the Council of 25 November 2020 on collective actions to protect the collective interests of consumers was published in the Official Journal of the European Union and repeals the Directive 2009/22/EC.

With these measures, the Directive aims to ensure that, at Union level and in each Member State, there is at least one effective and efficient collective action procedure for obtaining injunctions and remedies available to consumers in all Member states.

Since there is a growing demand for financial and investment services from consumers and the risks associated thereto, it was considered important to increase the level of protection afforded by consumer law in several areas.

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