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The Irish Funds Industry Association (IFIA) has welcomed the news that European fund managers stand to save up to a reported $1 billion in costs associated with reporting obligations under FATCA
In July 2011 U.S. District Judge Paul C. Huck ruled in a U.S. class action suit between foreign investors and Banco Santander S.A. and several other defendants, including PwC Ireland and HSBC Securities Services (Ireland) Limited, that Ireland is a more appropriate forum for the proceedings
