In 2021 and 2022, XTX had engaged with the Aviva investment fund about the provision of investment services, the High Court noted. There was “concern” that the investment fund was barred from selling certain “euro-denominated transferable securities” – stocks and bonds – because of European Union sanctions targeting Russian nationals and companies following the invasion of Ukraine. The decision was affirmed on appeal to the Circuit Court, and XTX then pursued a further appeal to the High Court. Kate Egan BL, for the investment fund, argued that the legislation “appears to contemplate a corporate entity as a possible perpetrator of discrimination only”. Ms Egan, for the investment fund, was instructed by A & L Goodbody.

Source: The Irish Times November 28, 2025 19:38 UTC