Friday July 10, 2020

Irish Radisson Blu investors lose French court battle

The decision could render ‘moot’ the bid to oust AIB's receiver in the Irish courts.

15th August, 2015
The Radisson Blu in Toulouse, France.

Irish investors in a Radisson Blu Hotel in Toulouse have lost a French court battle to effect a moratorium on the activities of an AIB-appointed receiver.

The bank assigned Tom O’Brien of Mazars as receiver over the shares of investment vehicle Blagnac Ltd last month, after the company allegedly defaulted on a €27 million debt at the beginning of this year.

Blagnac is the parent company of a company in Luxembourg and the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 2 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 6 months ago