In the face of Europe's significant competitiveness challenges, BusinessEurope has strong reservations about the recent revision of the Product Liability Directive. In response to the political deal reached by EU co-legislators today, BusinessEurope Director General Markus J. Beyrer said:
“European industry has serious concerns over the revision of the EU Product Liability Directive.
The broad scope of this revision aimed at addressing new technologies raises serious concerns among the business community. We recognise the importance of adapting to evolving technological landscapes, but we question the need for an extensive overhaul of a directive that has already been working effectively.
Despite industry repeatedly voicing their concerns, the co-legislators appear to have ignored some issues which are fundamental for achieving balanced rules. This includes the heightened risk of third-party litigation funding, a reversed burden of proof, and the lack of safeguards on evidence disclosures.
As Europe grapples with economic headwinds, we urge co-legislators to reconsider this revision.”
