The Limits Of Collective Litigation: A Comparative Study Of Class Action Regimes Beyond The United States

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Blessy Gethzia J, Presidency University

Manna Susan George, Presidency University

ABSTRACT

The notion of Class Action Suits is not something that is uncommon in the legal system, yet when it comes to the world of Corporate Transactions and Due diligence, it is the least executed. Although, there might be various internal reasons for the non-execution of the class action suit, this paper delves into the limitation on requirements of the class action suit itself which, in return, falls as an obstruction to access of justice. While the notion of Class Action Suits in Corporate Laws are available in various jurisdictions, their effectiveness is comparatively less discussed outside the United States of America. This paper attempts to provide a comparative analysis of the same with various jurisdictions like India, Saudi Arabia, Singapore and Australia respectively. This paper discusses the limitations and methods to increase the effectiveness of Class Action Suits, globally. This initiative shall bridge the academic learning and the execution of Class Action Suits, thereby creating awareness on the various usage of this intricate piece of approach towards the Court.

Keywords: Companies, Class Action Suits, Shareholders, Effectiveness, Limitations, Corporate Legislation.

704. THE LIMITS OF COLLECTIVE LITIGATION- A COMPARATIVE STUDY OF CLASS ACTION REGIMES BEYO

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