The harmonisation of the rules on prospectus liability should be put on the agenda of the Savings and Investment Union (SIU) as a matter of urgency. The International Working Group on Harmonisation of Prospectus Liability in Europe (IWGHPLE), a private group of academics and practitioners from different EU member states and beyond (led by the authors of this article), has recently drafted a concrete blueprint for uniform European prospectus liability rules. The blueprint could serve as a model for the European legislator in its efforts to overcome the current fragmentation of the EU’s legal framework. The blueprint covers all aspects pertaining to prospectus liability.
25 OCT 2025In this article, the authors set out the arguments for replacing the EU Directive on Unfair Terms in Consumer Contracts with a Regulation by identifying the problems with the current legislation and the advantages of a change.
31 JUL 2024