Class actions have been effectively banned here but pressure is mounting from several sources to relax the rules. Photograph: Getty Images/ iStockphoto
When Enda Kenny promised on the election trail in 2011 that he would make Ireland the best small country in the world in which to do business, he was leaning into the strategy that lifted the country out of poverty over the previous three years; find a niche in the global economy and pursue it relentlessly.
Another niche now presents itself to Ireland in the form of an opportunity to be the European hub for class action lawsuits and in particular class actions – funded by third parties for commercial gain – against US multinationals.
Class actions have been effectively banned here but pressure is mounting from several sources to relax the rules.
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