Unitholder Rights vs. Service Providers. Absent a direct contractual relationship between the Unitholder and a service provider, the Unitholder will generally have no direct rights against the relevant service provider and there are only limited circumstances in which the Unitholders can possibly bring a claim against the relevant service provider. Instead, the proper plaintiff in an action in respect of which a wrongdoing is alleged to have been committed against the UCITS by the relevant service provider is, prima facie, the Management Company on behalf of the UCITS.
Appears in 8 contracts
Samples: Unit Trust Agreement, Unit Trust Agreement, Unit Trust Agreement
