As of 25 June 2023, new rules apply protecting consumers’ collective interests in mass claims throughout Europe. The rules stem from the European Parliament and Council Directive (EU) 2020/1828 of 25 November 2020 (the Directive). The Directive applies not only in European Union Member States, but also in Liechtenstein, Norway, and Iceland.
On 29 April 2020 the Netherlands Commercial Court (NCC) handed down a decision regarding a contractual break-up fee in an M&A transaction affected by the Coronavirus Disease 2019 (COVID-19) pandemic. Furthermore, on 14 May 2020 the preliminary relief judge of the District Court of Amsterdam also handed down a decision related to an M&A transaction