Irish Government Introduces Bill to Implement EU Collective Actions Directive
12th May 2022
As the deadline for implementing the EU Directive on collective actions inches closer, Member State governments are turning their attention to determining how best to introduce the new rules. The implementation of the Directive is significant in Ireland, as it will be the country’s first ever collective action system.
The Irish Ministry for Trade Promotion, Digital, and Company Regulation launched a consultation on the Directive in March 2021. Now, a year later, the Ministry has released a draft law, which looks to be a straightforward interpretation of the Commission’s Directive. The draft bill can be found here.
The Irish government aims to have the EU directive implemented by the Commission deadline of December 25, 2022, with the new rules applying to collective actions launched on or after June 25, 2023.