Thursday October 22, 2020

Banking inquiry evidence blocked in damages case

Davy claims it was wrongfully coerced by Ulster Bank

28th February, 2016
Davy investment company has case against Ulster Bank Pic:RollingNews.ie

A Davy investment company has been blocked by the High Court from relying on evidence given to the banking inquiry in an upcoming damages action against Ulster Bank.

European Property Fund is suing over claims that it was wrongfully coerced and intimidated by the bank into selling two London properties in 2011 and 2012.

Facilities amounting to £79 million were extended by Ulster Bank to the company in 2008 to finance the acquisition of the Old Jewry...

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