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Global Class Actions: Towards a Blockchain-Based Dispute Resolution System.

Authors :
Kaya, S.
Şahin-Şengül, E.
Source :
Journal of Consumer Policy; Mar2024, Vol. 47 Issue 1, p21-49, 29p
Publication Year :
2024

Abstract

Mass injuries caused by the violations of multinational firms are becoming more and more common in today's globalised economy as goods and services are sold worldwide, and the harm these goods and services cause affects many widely scattered victims in different countries. Even if the same or almost identical factual situations injure consumers worldwide, whether they obtain any remedies varies from jurisdiction to jurisdiction as each country designs its class action procedure differently. In order to overcome jurisdictional variations and compensate consumers with small claims in a more effective and efficient manner, this article deliberates on the idea of incorporating blockchain-based dispute resolution methods into class action proceedings. In this light, the article discusses to what extent blockchain-based dispute resolution systems can be used in class actions to provide better access to justice to consumers at the global level. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
01687034
Volume :
47
Issue :
1
Database :
Complementary Index
Journal :
Journal of Consumer Policy
Publication Type :
Academic Journal
Accession number :
175529301
Full Text :
https://doi.org/10.1007/s10603-023-09553-8