UK consumers not keen on US-style reform
According to the ILR report, 57 per cent of UK consumers surveyed opposed the reforms.
The ILR survey, fielded by Ipsos MORI, revealed skepticism to the plans announced in last week’s Queen’s Speech to introduce the draft Consumer Rights Bill - a key piece of legislation that is likely to fundamentally change the face of UK litigation.
The Bill will enable opt-out collective actions where breaches of consumer or competition law are said to have taken place.
‘The introduction of opt-out class actions in the UK could open the floodgates to US-style collective action law suits, and the possibility of a burgeoning market in spurious litigation in Britain, driven by a fast-expanding legal sector allied to a litigation funding industry that is reaching maturity,’ said Lisa Rickard, president of the ILR.