Judge: AIB Belfry case should proceed swiftly due to age concerns

A multimillion-euro lawsuit against AIB over losses sustained by its Belfry property funds should go ahead next year ‘if it is humanly possible’, a High Court judge has said

13th December, 2020
Judge: AIB Belfry case should proceed swiftly due to age concerns
Investors who collectively lost hundreds of millions in AIB’s Belfry series of property funds won a landmark Supreme Court ruling which found that key elements of their claim were not statute barred

A High Court judge has urged the parties in a multimillion-euro law suit over a failed Celtic Tiger property fund to swiftly proceed to trial early next year, given the age and health of some of the plaintiffs.

Last week, investors who collectively lost hundreds of millions in AIB’s Belfry series of property funds won a landmark Supreme Court ruling which found that key elements of their claim were not statute barred.

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