Case note

A First Step towards the Localisation of the Harmful Event in Financial Torts? Case Comment on C-375/13 Kolassa v Barclays Bank

Giorgio Risso
PhD Candidate, University of Genoa, Department of Law – Visiting PhD student, King’s College London, The Dickson Poon School of Law 

Introduction

On 28 January 2015, the Court of Justice of the European Union (CJEU) decided on the application of EU conflict of jurisdiction rules over prospectus liability.[1] More specifically, the judgment concerns the application of Articles 5(1)(a) and (3) and 15(1) of the Brussels I Regulation.[2] This comment will only look at the issues related to Art. 5(3), since the correct localisation of harmful events in financial torts is at the heart of recent and intensive discussions (also from the perspective of a recast of Rome II Regulation). Continue reading “A First Step towards the Localisation of the Harmful Event in Financial Torts? Case Comment on C-375/13 Kolassa v Barclays Bank”