Introducing Class Actions in Finland: an Example of Lawmaking without Economic Analysis

Mikko Valimaki (mikko.valimaki@sp.unipmn.it)

POLIS Working Papers from Institute of Public Policy and Public Choice - POLIS

Abstract: Finnish Parliament accepted in February 2007 a new law on class actions (literally group actions), which entered into force 1 October, 2008. The legislative process was particularly slow. Finland has been preparing a law on class actions since the early 1990s and this was - depending on the criteria of counting - the fourth try. Some fifteen years ago the idea of class actions was something new in Europe. Time passes quickly however, and the new Finnish law cannot be described as radical by any meaning of the word. Many European countries have changed their existing procedural codes and enacted new laws to make class action litigation possible. This article analyses the Finnish lawmaking process from comparative and economic policy viewpoints.

Keywords: class actions; Finland; public choice (search for similar items in EconPapers)
JEL-codes: D74 K13 K41 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2010-12
New Economics Papers: this item is included in nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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