Sunday December 8, 2019

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
2
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...

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