Abstract

The impact of the Dieselgate scandal in Italy has been limited to date. While in other countries that case has generally had severe and significant outcomes, in Italy it has not yet yielded remarkable results. Nevertheless, the Dieselgate case differs from other similar cases through its ability to make a tangible impact on the ways of enforcing the consumer and capital market law in Europe. This paper focuses on the enforcement of consumer and capital market law in Italy, by examining how these legal rules work together. In particular, it reveals the increasing importance of collective redresses, such as class actions and collective preventive measures, within the Italian legal framework. The paper also reveals the inadequacy of public measures and interventions, such as criminal sanctions and fines from public agencies, to reduce the impact of collective harms on stakeholders such as consumers and users.

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