Class Actions: What Awaits Business

Legal awareness and a proper level of legal culture are crucial to the ability to protect a collective interest. The institution of class actions, which was introduced into the Russian Arbitration Procedure Code in 2009 and the Civil Procedure Code 10 years later, has taken some time to develop, but has started to evolve. In recent years, the number of class actions has been increasing and will only continue to grow. An analysis of judicial practice shows there are a number of initiatives that could make this institution a more effective means of protection for all parties. How is this institution developing? What difficulties do companies face? What areas of business are most affected and how can class actions impact risk assessments of a company’s operations?