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Lessons Learned from the U.S. Legal System: Insights for Effective Markets

This presentation by Renata Jungo Brüngger from Daimler AG discusses the appeal of the American legal system for plaintiffs and lawyers, highlighting the crucial lessons learned and the potential pitfalls businesses should avoid. Key aspects covered include the attractive attributes of U.S. litigation, such as contingency fees and lack of loser pays, and considerations for European legal contexts. The presentation aims to spark dialogue on whether elements of the U.S. system may benefit European markets while maintaining necessary safeguards.

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Lessons Learned from the U.S. Legal System: Insights for Effective Markets

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  1. Lessons learnt and problems to avoid: a business perspective RenataJungoBrüngger, Chefsyndika Daimler AG, Stuttgart Building effective markets – the role of an integrated legal system 29 - 30 January 2013 Swiss Re Centre for Global Dialogue Rüschlikon, Switzerland

  2. “As a moth is drawn to the light, so is a litigant drawn to the United States. If he can only get his case into their courts, he stands to win a fortune.” Lord Denning Caption of presentation / Department / Date (year-month-day)

  3. What makes the American legal system so attractive for plaintiffs and their lawyers? Caption of presentation / Department / Date (year-month-day)

  4. 1 2 3 4 Caption of presentation / Department / Date (year-month-day)

  5. Good O R BAD? Caption of presentation / Department / Date (year-month-day)

  6. Do we want this in Europe? Caption of presentation / Department / Date (year-month-day)

  7. Safeguards • Loser Pays • Substantiated pleading requirements • Opt-in framework • Reasonable and proportionate legal fees • Limit to compensatory damages Caption of presentation / Department / Date (year-month-day)

  8. Thank you! Caption of presentation / Department / Date (year-month-day)

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