Pension trustee firm pursues Europa’s Baillie over €4.5m in lost investments

High Court case likely to be built on ‘unconditional’ personal guarantee on entrusted funds from Stuart Baillie, owner of the failed company

Stuart Baillie, founder of Europa Strategic Partners: investments were underpinned by a personal guarantee from him but the guarantee does not appear to have been secured against any funds.

A pension trustee company has launched legal action against Europa Strategic Partners and its founder Stuart Baillie.

Europa Strategic Partners (ESP) raised around €4.5 million from about 100 mainly small Irish investors, a sum which was then wiped out by the business’s failure in 2017.

Having entrusted amounts of between €10,000 and €100,000 each with the promise of receiving a 40 per cent return over three years, they have been told their investment is now ...