Ulster Investment Bank is given Cork land to settle 23-year debt

In the longest-running High Court case in the history of the state, Ulster Investment Bank has been granted possession of 120 acres of land in Cork to settle a IR£1 million debt which has been outstanding for 23 years.

28th March, 2009

In the longest-running High Court case in the history of the state, Ulster Investment Bank has been granted possession of 120 acres of land in Cork to settle a IR£1 million debt which has been outstanding for 23 years.

Ulster Investment Bank Ireland Ltd (UIB) sought an order for possession of lands belonging to Rockrohan Estate Ltd at Inchigaggin, Cork.

In 1981,UIB provided a loan to Bula Ltd to develop a lead and zinc mine in...

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