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IN THE COMPETITION APPEAL TRIBUNAL IN THE MATTER OF PROPOSED COLLECTIVE PROCEEDINGS UNDER SECTION 47B OF THE COMPETITION ACT 1998 RELATING TO FOREIGN EXCHANGE RATES THE OHIGGINS APPLICATION (Case
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Review the legal document for the boost-to-opt-out-collective-proceeding-in-cat
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Understand the information and requirements for opting out of the collective proceeding
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Individuals who are part of a collective proceeding in a class action lawsuit
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Individuals who wish to opt out of the collective proceeding and pursue their own legal actions
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Boost-to-opt-out collective proceeding in CAT (Competition Appeal Tribunal) refers to a mechanism that allows individuals or entities to opt out of collective proceedings or class actions within the tribunal's jurisdiction, thereby preserving their right to pursue individual claims.
Individuals or entities who wish to opt out of a collective proceeding before the CAT are required to file the boost-to-opt-out. This typically includes anyone who believes their interests are better served by pursuing a claim independently rather than as part of a group.
To fill out the boost-to-opt-out form, individuals must provide their personal or business details, details of the collective proceeding they wish to opt-out from, and any relevant documentation that supports their request.
The purpose of the boost-to-opt-out is to give individuals the choice to disengage from collective legal actions that may not align with their personal legal interests or outcomes, allowing them to seek remedies on an individual basis.
The information that must be reported includes the individual’s name, contact details, the specifics of the collective proceeding, the reasons for opting out, and any relevant proof of claim or documentation supporting their decision.
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