Market report: commercial litigation
With group litigation rising in prominence, businesses are increasingly vulnerable to claims from all quarters – so what should be top of the risk agenda for in-house lawyers?
In uncertain times, in-house counsel face mounting pressure to take a proactive approach to contentious issues. And with group actions on the rise, GCs are increasingly aware they must be prepared for such claims, as well as their associated costs.
Recent years have seen the group actions market begin to take off in earnest, after the RBS rights issue litigation demonstrated it was possible to bring high-value shareholder class actions to trial in the UK. The development of the regime in the UK and EU has seen claims brought across a wide array of sectors, with the focus varying hugely from claim to claim, and given the growing emphasis on ESG, it is unsurprising that group actions are seen across all three elements of that acronym.
