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The Directive on Representative Actions formally approved by the European Parliament
On 24th November the European Parliament formally approved the Directive on Representative Actions, following the trilogue agreement that had been reached by the co-legislators in June 2020. Twenty days after its publication in the Official Journal of the European Union, the Directive will enter into force. Member States will have until January 2023 to transpose the Directive. With a national application of the Directive 6 months later, we can expect representative actions to be brought to court on behalf of qualified entities (QEs) as of mid-2023.