Pension trustee firm pursues Europa’s Baillie over €4.5m in lost investments
High Court case likely to be built on ‘unconditional’ personal guarantee on entrusted funds from Stuart Baillie, owner of the failed company
A pension trustee company has launched legal action against Europa Strategic Partners and its founder Stuart Baillie.
Europa Strategic Partners (ESP) raised around €4.5 million from about 100 mainly small Irish investors, a sum which was then wiped out by the business’s failure in 2017.
Having entrusted amounts of between €10,000 and €100,000 each with the promise of receiving a 40 per cent return over three years, they have been told their investment is now worthless.
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