Ivan Yates wins costs over AIB’s failed bankruptcy bid

Former Fine Gael minister and broadcaster Ivan Yates has been awarded legal costs for his successful application in having AIB’s bid to have him declared bankrupt dismissed by the High Court.

In a judgment last August, Ms Justice Elizabeth Dunne found that a bankruptcy summons issued by the bank in respect of Mr Yates, arising out of his alleged failure to satisfy a demand by AIB for payment of €3.69m, could be struck out.

The judge said Mr Yates, who she found was entitled to challenge the validity of the summons, had raised “real and substantive issues”, in respect of the amount sought by AIB.