Free Trial

Global Investor Magazine Copying and distributing are prohibited without permission of the publisher

Madoff ruling knocks Ucits regime

05 March 2010

Luxembourg has suffered a set back in its efforts to develop its status as a domicile for the EU’s Ucits-compliant funds

Read more: Madoff Luxembourg Ucits

Luxembourg has suffered a set back in its efforts to develop its status as a domicile for the EU’s Ucits-compliant funds.

A court ruling delivered yesterday suggested that UBS could avoid direct compensation claims from investors who lost money to fraudster Bernard...


 

Quote