Nuno Santos-Costa and Danny Le Maistre (in conjunction with the
firm's Investment Funds team, Latham & Watkins (London) and
Wolf Theiss (Vienna)), act for two Jersey collective investment
funds, Airports and Power (or their respective boards) established
by Meinl Bank AG, a major Austrian investment bank, in relation to
litigation: (1) between Airports and its former investment manager,
MAM, a subsidiary of Meinl Bank. This litigation, together with
other litigation involving Airports/Power and Meinl Bank, recently
settled and CC was involved with the settlement process; and (2)
between the funds and a former director, Mr Pirrwitz. This is one
of the earliest pieces of investment funds litigation in the
Island, significant in terms of the amounts at stake and the
complexity of the issues, and the fact that it is
cross-jurisdictional.