Tuesday March 31, 2020

Consortium challenges AIB’s move on personal guarantees

Boomtime investment of €15 million in a Radisson hotel in France went sour

29th November, 2015
The Radisson Blu Hotel near Toulouse airport in France

Members of a Cork consortium whose boomtime investment in a Radisson hotel in France went sour deny they are personally liable to AIB for company debts of around €15 million.

The 11 investors, including Bandon accountant Seamus O’Mahony, have claimed in the Commercial Court that the bank is trying to secure summary judgments against them on foot of expired loan guarantees. Blagnac Investments was set up in 2006 when a group of business people in...

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