A new piece in the puzzle of locating financial loss: the ruling in <i>VEB v BP</i> on jurisdiction for collective actions based on deficient investor information

For the first time, CJEU has ruled in VEB v BP on court competent for deciding liability suits regarding misinformation secondary securities market. Surprisingly, Court localises damage resulting from financial markets at a single place, that where instruments question were listed. This raises of how decision can be squared with earlier cases like Kolassa or Löber and other precedent. It is also unclear new ruling applies to special dual listings electronic trading venues. Furthermore, judgment utmost importance jurisdiction over collective actions by postulating they should not treated any differently than individual actions, without clarifying what this means practice. contribution analyses these questions, puts larger context, discusses its repercussions future cases.