Wednesday October 28, 2020

AIB must pay legal costs of investors in failed Belfry funds

The Belfry funds raised €300 million from investors between 2002 and 2006

Barry J Whyte

Chief Feature Writer

28th May, 2017
AIB will have to pay part of the legal costs of several investors

AIB will have to pay part of the legal costs of several investors who were burned by its failed Belfry property investment funds.

Mr Justice Robert Haughton last week awarded three days of costs to the investors after a lengthy hearing in which AIB had argued that the investors had waited too long to take their cases, and were thus statute-barred.

However Haughton ruled in April that while some of the claims were indeed statute-barred,...

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