Credit rating agency liability in Europe

Credit rating agency liability in Europe
  • Rating the combination of EU and national law in rights of redress
  • Author(s): D.J. Verheij
  • ISBN Book: 978-94-6236-144-7, #1 edition
  • Year of publication: 2020
  • Product specifications
ca. € 89,00
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Expected 5 november 2020
Embargo until 28-01-2021
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Full description

The credit rating industry called for many debates on its civil liability since the origin of the industry at the beginning of the twentieth century. In 2013, the Union legislature introduced a right to damages, which issuers and investors can directly enforce against credit rating agencies under Article 35a CRA Regulation. This provision has drawn attention because of its remarkable structure: Article 35a CRA Regulation introduced a legal ground for civil liability at the European level, while general tor t law has not been harmonised at the European level. This book investigates Ar ticle 35a CRA Regulation from multiple legal perspectives. Combining EU law, Private International Law and Dutch, French, German and English national private law, this book answers the main question of whether Article 35a CRA Regulation achieves its post-crisis goal of being an adequate right of redress for issuers and investors whilst it has to be interpreted under various systems of national law. In answering this question, the book takes a broader European approach and also rates the usefulness of Article 35a CRA Regulation as a European template for civil liability to be used by the Union legislature.

Product specifications

Author(s) D.J. Verheij
ISBN Book 978-94-6236-144-7,#1 edition
Publication date 5 november 2020
Embargo date 28 januari 2021
Number of pages 590 Pages
Series E.M. Meijers Instituut voor Rechtswetenschappelijk Onderzoek
Brand Eleven International Publishing
Subject(s) Law (general)
Language English

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