Tuesday May 26, 2020

Custom House clients to wait a year for redress

Liquidator did not attend investor meeting because ‘it wouldn’t have gone down well’

17th February, 2019
Declan Hanley, head of Davy Lifestyle Solutions

Investors in Custom House Capital (CHC), which collapsed in 2011, have been told it will take a year before they will receive the reimbursements they are due.

Last Tuesday, more than 200 investors attended an information meeting in Dublin hosted by Davy Stockbrokers, which was recently appointed as the CHC liquidator’s new administrator.

Many of those present expressed their annoyance that more information was not forthcoming on the distribution process, and that liquidator Kieran Wallace...

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