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FII GLO

 
Paul Farmer and Philippe Freund Dorsey & Whitney (Europe) LLP outline the key issues ahead of the judgment in the Franked Investment Income Group Litigation
 
The ECJ delivered its judgment in the Franked Investment Income (FII) Group Litigation Order (GLO) on 12 December 2006. The matter came back on to the judicial radar in July this year when it was listed for a three-week hearing in the High Court before Henderson J. The case raised a large number of substantive and remedies issues and the judgment which is expected to be handed down in October is likely to be long and detailed. Although the name might suggest that the case has only historical relevance the judgment is likely to prove essential reading dealing as it will with the principles governing...
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