06 Oct 2018 12:26 PM:
Not directly applicable to your query but it may help?
We too put down a deposit on the Hipodromo development in 2002.
Our solicitor took action against the bank over two years ago on the basis that the bank should have issued guarantees and held the funds in an escrow account. We didn’t receive an individual guarantee, but won our case in the first court, won the appeal and heard today that the Supreme Court has also found in our favour. Our case is finally, 100% WON!!!!!
Last year the court awarded us an interim payment of all of our deposits and now we await the calculation of interest and costs due to us.
Your lawyer may be interested in knowing that we have won without an individual guarantee?
Community thread:
AIFOS Bank Guarentees
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