Tuesday, September 6, 2011
The Wall Street Journal Law Blog has an article titled, Class Actions Head South of the Border, which discusses the move to group litigation in Mexico. Here's an excerpt:
The Mexican law includes various requirements must be satisfied to bring a class action, including that prospective class members be “in the same common factual or legal circumstances,” Chadbourne & Parke explains, noting that the law allows claimants to obtain restitution, monetary damages, or injunctive relief.
Another interesting component of the Mexican law is that it includes a loser pays provision.
For those wanting more background on the law, here’s a Bloomberg Businessweek article from last year.