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On 10 January 2011, the Irish Commercial Court issued a decision regarding the obligation for a depository to account directly to investors in a UCITS in respect of its accounting and reporting obligations
The decision of the Irish Commercial Court issued on 10 January 2011 regarding the obligation for a depository to account directly to investors in a UCITS is being appealed to the Irish Supreme Court
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
A recent appeal heard by the Eastern Caribbean Court in respect of the on-going Fairfield BVI litigation is of interest to fund investors in respect of whether or not redemption proceeds lead to unjust enrichment, in circumstances where it subsequently becomes clear that the actual fund value was zero
