Dr Ianika Tzankova The challenges of managing global
Dr. Ianika Tzankova “The challenges of managing global litigation” Conference BIICL, London, 7 June 2007 AMS O 88901 / 4
Focus: ‘European’ multinationals • Headquarters in EU • Listed in US and EU AMS O 88901 / 4
Some problems of US litigation For plaintiffs • Forum non convenience • Preclusive effect of US judgements in EU • Notice problems AMS O 88901 / 4
Some problems of US litigation For defendants • Excluding foreign claimants undermines deterrence • Deterrence as a global problem • No other alternative for plaintiffs? AMS O 88901 / 4
Changing European legal landscape • Patchwork of national legislations • EU initiatives • Defendants have to struggle on multiple fronts: in US en EU AMS O 88901 / 4
Is Europe the ‘preferable continent’? • Not only sentimental reasons • Res judicata problems seem easier to address in EU • The test case: RD Shell reserves settlement AMS O 88901 / 4
Master plan • Find the right (meaning representative) negotiation parties; • Design collective settlement keeping damage scheduling in mind. • Find the right (European? ) law firms to assist them; AMS O 88901 / 4
Contact details Dr. Ianika N. Tzankova Dep. of Banking & Finance Litigation Nauta. Dutilh N. V. P. O. Box 7113 1007 JC Amsterdam Strawinksylaan 1999 1077 XV Amsterdam The Netherlands Tel. * 31 20 71 71 799 Fax. *31 20 71 71 326 E-mail: ianika. tzankova@nautadutilh. com AMS O 88901 / 4
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