在定位财务损失的难题中出现了一块新的拼图:VEB诉英国石油公司(BP)一案关于基于投资者信息不足的集体行动管辖权的裁决

IF 0.3 Q3 LAW
Matthias B. Lehmann
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引用次数: 1

摘要

欧盟法院首次在VEB诉英国石油公司一案中裁定,法院有权就二级证券市场上的错误信息提起责任诉讼。令人惊讶的是,法院将二级金融市场上的错误信息造成的损害定位在一个地方,即相关金融工具的上市地。这就提出了一个问题,即如何将该决定与之前的案件(如Kolassa或Löber)和其他先例相一致。目前还不清楚新裁决如何适用于双重上市或电子交易场所等特殊情况。此外,该判决对集体诉讼的管辖权至关重要,因为它假定不应将集体诉讼与个人诉讼区别对待,但没有澄清这在实践中意味着什么。本文分析了这些问题,将判决放在更大的背景下,并讨论了其对未来案件的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
A new piece in the puzzle of locating financial loss: the ruling in VEB v BP on jurisdiction for collective actions based on deficient investor information
For the first time, the CJEU has ruled in VEB v BP on the court competent for deciding liability suits regarding misinformation on the secondary securities market. Surprisingly, the Court localises the damage resulting from misinformation on the secondary financial markets at a single place, that where the financial instruments in question were listed. This raises the question of how the decision can be squared with earlier cases like Kolassa or Löber and other precedent. It is also unclear how the new ruling applies to special cases like dual listings or electronic trading venues. Furthermore, the judgment is of utmost importance for the jurisdiction over collective actions by postulating that they should not be treated any differently than individual actions, without clarifying what this means in practice. This contribution analyses these questions, puts the judgment in larger context, and discusses its repercussions for future cases.
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来源期刊
CiteScore
0.60
自引率
25.00%
发文量
14
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