Class actions in civil proceedings: the economicand law perspective
The article considers that one of the priorities of civil law is to ensure effective protection of violated interests. In the context of economic globalisation, the development of mass consumption and the inevitable simultaneous violation of the rights and legitimate interests of large groups of people, the introduction of the institution of class actions in civil proceedings in the Russian Federation has become a natural progression. The author of the article answers the question of how the introduction of the institution of class actions in civil proceedings helps to restore economic efficiency and prevent negative behaviour of participants in civil legal relations. What are the advantages and some disadvantages of class actions? The author notes that the preventive nature of the class action model consists of two components and also emphasises that, from the point of view of economic analysis of the law, the institution of class actions enables the restoration of the welfare of the injured party.