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ARTICLE · 20 MAY 2010

Client Newsletter Spring 2010 – Litigation and Dispute Resolution

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

Dillon Eustace is one of Ireland’s leading law firms focusing on asset management and investment...

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The Commercial Court in Dublin is currently dealing with around 50 cases arising from the role played by the convicted fraudster Bernard Madoff in respect of two Irish investment funds, Thema International Fund plc and AA (Alternative Advantage) plc.

IrelandFinance and Banking
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In this issue:-

  • Madoff Claims – Latest Developments
  • Arbitration Act 2010

MADOFF CLAIMS – LATEST DEVELOPMENTS

The Commercial Court in Dublin is currently dealing with around 50 cases arising from the role played by the convicted fraudster Bernard Madoff in respect of two Irish investment funds, Thema International Fund plc and AA (Alternative Advantage) plc. Dillon Eustace was the first Irish firm to initiate proceedings on behalf of an investor in one of these funds and currently represents the largest number of investors in litigation in the Commercial Court whose investments were affected by Mr. Madoff's activities.

HSBC (as custodian of each of the affected funds) brought a Motion to stay the proceedings brought by one of Dillon Eustace's clients last year, saying that investor claims should not be allowed to proceed until after the outcome of the cases being brought by the affected funds themselves. In his judgement dated 16 October, 2009 Mr. Justice

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