AIB injunction would ‘hit’ rival firm

A BUSINESS would be dealt a major blow at a “critical” early stage if AIB was granted a “sweeping injunction” stopping several former senior executives from canvassing any clients.

AIB has claimed six executives conspired with a rival business to take over the clients, business and staff of AIB’s International Financial Services (IFS) business when it moved last June to sell it to another group, Capita.

The bank has also brought High Court proceedings against financial services companies — Centralis SA based in Luxembourg, Centralis Switzerland and Centralis Hungary — which AIB claims were involved in the plan.