- Joined
- Feb 13, 2017
- Messages
- 3,708
- Points
- 113
In Singapore, we don't have class action lawsuits, unlike in the US, where lawyers can gather together and put together an action for a "class" of persons. So, unlike in Singapore where each OBike customer has to sue OBike for their deposit, a lawyer could file a suit on behalf of a "class", that is, all customers who are owed their deposits. The lawyers would then have to disburse the award among the class.
I used to think that class action suits were basically "private regulation", that the US was so scared of regulation and regulatory bodies that they didn't trust regulators to actually regulate, and so put regulation in the hands of the private sector. After all, class actions basically punish a company for not complying with basic standards of safety, or unethical behaviour, or something similar, and we had the overbearing government in Singapore to sort out all these bad actors if they were any reasonable size at all.
In Singapore, you wouldn't have a class action lawsuit against a bank, say, for misrepresenting fees or overcharging over a class. You'd have people complaining to MAS and MAS stepping in to regulate. Same for the telcos, IMDA is way more heavy handed than any US regulator would dare to be.
More at https://www.prolificcrap.com/single...ath-of-OBike-do-we-need-class-action-lawsuits
I used to think that class action suits were basically "private regulation", that the US was so scared of regulation and regulatory bodies that they didn't trust regulators to actually regulate, and so put regulation in the hands of the private sector. After all, class actions basically punish a company for not complying with basic standards of safety, or unethical behaviour, or something similar, and we had the overbearing government in Singapore to sort out all these bad actors if they were any reasonable size at all.
In Singapore, you wouldn't have a class action lawsuit against a bank, say, for misrepresenting fees or overcharging over a class. You'd have people complaining to MAS and MAS stepping in to regulate. Same for the telcos, IMDA is way more heavy handed than any US regulator would dare to be.
More at https://www.prolificcrap.com/single...ath-of-OBike-do-we-need-class-action-lawsuits