Businessman's appeal over €30.5m debt dismissed

The Court of Appeal has dismissed a businessman's appeal over whether an investment fund was entitled to sue him over a €30.5m debt it bought from Irish Bank Resolution Corporation (IBRC).

Businessman's appeal over €30.5m debt dismissed
Thu, 25 May, 2017 - 19:00

The Court of Appeal has dismissed a businessman's appeal over whether an investment fund was entitled to sue him over a €30.5m debt it bought from Irish Bank Resolution Corporation (IBRC), writes Ann O'Loughlin.

John Morrissey had claimed the alleged general illegal conduct of IBRC'spredecessor, Anglo Irish Bank, precluded the fund, LSREF III Stone Investments, from pursuing him for the property loans debt.

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CourtsHeathrowPlace: Palmerston RoadPlace: RanelaghPlace: DublinPlace: Dublin 6Person: Ann O'LoughlinPerson: John MorrisseyPerson: MorrisseyPerson: MorrisseyandPerson: Gerard HoganPerson: LSREF III StonePerson: HoganPerson: ChampertyOrganisation: Court of AppealOrganisation: Irish Bank Resolution CorporationOrganisation: IBRCOrganisation: IBRC'spredecessorOrganisation: Anglo Irish BankOrganisation: LSREF III Stone InvestmentsOrganisation: Appeal CourtOrganisation: High CourtOrganisation: Guinness Peat AviationOrganisation: Royal Bank of ScotlandOrganisation: Trinity College DublinOrganisation: HavokOrganisation: IntelOrganisation: AngloOrganisation: LSREF III Stone
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