--- title: DRRT's Global Loss Recovery Blog | Global Loss Recovery (2) description: Global Loss Recovery | DRRT's Global Loss Recovery Blog - the latest news on developments in securities litigation, claims filing, shareholder protection, and other global loss recovery matters. (2) --- [![DRRT – GLOBAL SECURITIES LITIGATION, INSTITUTIONAL CLAIMS FILING AND LITIGATION SUPPORT](https://info.drrt.com/hubfs/DRRT_May2018%20Theme/Images/drrt-logo.png)](https://drrt.com/) - English - [Français](https://drrt.com/fr) - [Deutsch](https://drrt.com/de) - [日本語](https://drrt.com/ja) - [Italiano](https://drrt.com/it) - [Español](https://drrt.com/es) [GPS Secure Login](https://gps.drrt.com/Login.aspx) - [Home](https://drrt.com/) - [Our Firm](https://drrt.com/our-firm/overview/) - [Overview](https://drrt.com/our-firm/overview/) - [DRRT Advantages](https://drrt.com/our-firm/drrt-advantages/) - [Why Choose Us](https://drrt.com/our-firm/why-choose-us/) - [Significant Recoveries](https://drrt.com/our-firm/significant-recoveries/) - [Our Team](https://drrt.com/our-team/attorney/) - [Attorneys](https://drrt.com/our-team/attorney/) - [Firm Leadership](https://drrt.com/our-team/firm-leadership/) - [Areas of Expertise](https://drrt.com/areas-of-expertise/global-securities-litigation/u-s-and-canadian-securities-litigation/) - Global Securities Litigation - [U.S. and Canadian Securities Litigation](https://drrt.com/areas-of-expertise/global-securities-litigation/u-s-and-canadian-securities-litigation/) - [International Securities Litigation](https://drrt.com/areas-of-expertise/global-securities-litigation/international-securities-litigation/) - [Financial Antitrust Litigation](https://drrt.com/areas-of-expertise/global-securities-litigation/financial-antitrust-litigation/) - [Arbitration and Alternative Dispute Resolution](https://drrt.com/areas-of-expertise/global-securities-litigation/arbitration-and-alternative-dispute-resolution/) - [Institutional Claims Filing](https://drrt.com/areas-of-expertise/institutional-claims-filing/) - Litigation Support - [Telephone Consumer Protection Act (TCPA)](https://drrt.com/areas-of-expertise/litigation-support/telephone-consumer-protection-act-tcpa/) - [Consumer Class Actions](https://drrt.com/areas-of-expertise/litigation-support/consumer-class-actions/) - [Cases](https://drrt.com/cases/global-securities-litigation/open-cases/) - Global Securities Litigation - [Open Cases](https://drrt.com/cases/global-securities-litigation/open-cases/) - [Filed Cases](https://drrt.com/cases/global-securities-litigation/filed-cases/) - Track Record - [U.S. Cases](https://drrt.com/cases/global-securities-litigation/track-record/u-s-cases/) - [Non-U.S. Cases](https://drrt.com/cases/global-securities-litigation/track-record/non-u-s-cases/) - Institutional Claims Filing - [U.S./Canadian Securities Class Actions](https://drrt.com/cases/institutional-claims-filing/u-s-canadian-securities-class-actions/) - [Securities-Related Antitrust Class Actions](https://drrt.com/cases/institutional-claims-filing/securities-related-antitrust-class-actions/) - [Dutch Foundation Settlements](https://drrt.com/cases/institutional-claims-filing/dutch-foundation-settlements/) - [Australian Securities Class Actions](https://drrt.com/cases/institutional-claims-filing/australian-securities-class-actions/) - [Insolvency Proceedings](https://drrt.com/cases/institutional-claims-filing/insolvency-proceedings/) - [Events](https://drrt.com/events/upcoming-events/) - [Upcoming Events](https://drrt.com/events/upcoming-events/) - [Past Events](https://drrt.com/events/past-events/) - [News](https://drrt.com/news/articles-publications/) - [Articles & Publications](https://drrt.com/news/articles-publications/) - [Corporate Social Responsibility](https://drrt.com/corporate-social-responsibility/) - [Contact Us](https://drrt.com/contact-us/) # DRRT's Global Loss Recovery Blog ## [New “Class Action” Law in Germany. A Critical Outlook](https://info.drrt.com/blog/new-class-action-law-in-germany.-a-critical-outlook) Posted by [Erick Stern](https://info.drrt.com/blog/author/erick-stern) on Oct 3, 2018, 5:24:06 PM - [Tweet](https://twitter.com/share) [![download](https://info.drrt.com/hubfs/download.jpg)](https://info.drrt.com/blog/new-class-action-law-in-germany.-a-critical-outlook) When on March 14, 2018, after almost 6 months without a government, the two biggest parties in Germany signed their coalition agreement (“*Koalitionsvertrag*”) and formed the 24th and current government of the Federal Republic of Germany (“*Bundesregierung”*). Most people paid little attention to a half-page proposal buried on page 124. According to the proposal, the new government would be committed to establishing a class action system in Germany. On May 9, 2018, and with the biggest scandal in German automobile history still fresh in everyone’s mind, the federal government met to discuss a draft proposal leading to a definite law on November 1, a particularly sensitive deadline, seeing as most claims against Volkswagen based on the Dieselgate scandal will expire on December 31, 2018. On June 14, Parliament approved the proposal after very little debate and news agencies have been booming ever since with stories and explanations about the proposed class action system. Sadly, for those familiar with the U.S. model, the current developments from Germany will prove greatly disappointing. [Read More](https://info.drrt.com/blog/new-class-action-law-in-germany.-a-critical-outlook) 0 Comments [Click here to read/write comments](https://info.drrt.com/blog/new-class-action-law-in-germany.-a-critical-outlook#comments-listing) Topics: [Global Loss Recovery](https://info.drrt.com/blog/tag/global-loss-recovery), [Class Action](https://info.drrt.com/blog/tag/class-action) ## [Collective Redress in Switzerland: Hopes for Consumers but, any Hopes for Investors?](https://info.drrt.com/blog/collective-redress-in-switzerland-hopes-for-consumers-but-any-hopes-for-investors) Posted by [Erick Stern](https://info.drrt.com/blog/author/erick-stern) on Oct 3, 2018, 5:23:56 PM - [Tweet](https://twitter.com/share) [![2012-10-20\_Federal\_Supreme\_Court\_of\_Switzerland\_in\_Lausanne\_2595](https://info.drrt.com/hubfs/2012-10-20_Federal_Supreme_Court_of_Switzerland_in_Lausanne_2595.jpg)](https://info.drrt.com/blog/collective-redress-in-switzerland-hopes-for-consumers-but-any-hopes-for-investors) **Switzerland as a venue for collective redress litigation:** Although not a member of the European Union, thanks to a series of treaties, Switzerland is a member of the European Single Market, participating in its free movement of goods, services and capital. Additionally, because of the Lugano Convention of 2007, Switzerland also forms part of what could be called a “Single Legal Area” in which court decisions are mutually recognized and executed without need of any special procedure. This frictionless interaction between Switzerland and the rest of the EU, combined with the world-renowned Swiss efficiency and discretion, has made the country a great venue for litigation, especially as regards to civil and commercial arbitration. [Read More](https://info.drrt.com/blog/collective-redress-in-switzerland-hopes-for-consumers-but-any-hopes-for-investors) 0 Comments [Click here to read/write comments](https://info.drrt.com/blog/collective-redress-in-switzerland-hopes-for-consumers-but-any-hopes-for-investors#comments-listing) Topics: [Global Loss Recovery](https://info.drrt.com/blog/tag/global-loss-recovery), [Class Action](https://info.drrt.com/blog/tag/class-action) [Previous](https://info.drrt.com/blog/tag/global-loss-recovery/page/1) [All posts](https://info.drrt.com/blog/all) ### Recent Posts ### Subscribe Here! ### Posts by Tag - [Global Loss Recovery (12)](https://info.drrt.com/blog/tag/global-loss-recovery) - [Class Action (11)](https://info.drrt.com/blog/tag/class-action) - [shareholders (8)](https://info.drrt.com/blog/tag/shareholders) - [U.S. Securities Class Actions (6)](https://info.drrt.com/blog/tag/u-s-securities-class-actions) - [shareholder protection (6)](https://info.drrt.com/blog/tag/shareholder-protection) - 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