Friday August 14, 2020

Stung AIB Belfry investors can apply to Supreme Court

A successful appeal would allow the plaintiffs to go ahead with a claim that they had been mis-sold the investment

14th June, 2020
Goodwin claims that AIB fraudulently concealed information about the funds’ loan-to-value clause

Investors suing AIB over its €1 billion bust Belfry property funds have been given leave to apply to the Supreme Court to re-open parts of their case that had previously been ruled as out of time.

The Supreme Court, in a determination delivered last Friday, said that it was satisfied that the proceedings “raised a substantial issue of general public importance” and that it was“ in the interests of justice,” that the appeal be...

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