CMS Poland’s Post

All consumer products and services are subject to the risk of #representative #actions: ➡️ Significant representative actions might affect the entire portfolio of products or services and generate financial, reputational and organisational risks. ➡️ They might absorb large quantities of director time and divert attention from core operations. ➡️ Employee time may also be taken up, e.g. dealing with investigations. In the face of widespread publicity, representative actions could also have a negative impact on sales and consumer confidence.   Our new Advising the Board report on CEE Directors' Risk, co-authored by Anna Cudna-Wagner (#CMSPoland), Horia Draghici (CMS Romania), Assen Georgiev (CMS Bulgaria), Tomáš Matějovskýý (CMS Czech Republic), Zsolt Okanyi (CMS Hungary) and Olga Shenk (CMS Ukraine (CMS Cameron McKenna Nabarro Olswang)), looks at the novelties and specifics of the Representative Actions Directive (RAD) from the perspectives of seven jurisdictions: Bulgaria, the Czech Republic, Hungary, Poland, Romania, Slovakia and Ukraine. Find out more: https://lnkd.in/ebtKHaGD #CMSlaw #CEE #classactions #RAD #representativeactions #risk #commercialrisk

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