The facts
Eurofood is a company incorporated and registered in
Ireland. It is a wholly owned subsidiary of Parmalat, a
company incorporated in Italy, which operated through
subsidiary companies in more than 30 countries
worldwide. Eurofood’s principal objective was providing
financing facilities for companies in the Parmalat group.
Eurofood’s registered office is at the International
Financial Services Centre, Dublin (IFSC). The IFSC was
established as a location for internationally traded
financial services to be provided only to non-resident
persons or bodies. Eurofood carried on business at the
IFSC as required by Irish law.