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ARTICLE · 04 SEPTEMBER 2017

Suing For Losses From Investment Advice: The "Belfry Funds" Case

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In the recent High Court case of Geraldine Cantrell v Allied Irish Banks Plc, the Second Belfry Properties (UK) Plc and Others, the Plaintiff sought an order for damages for breach of contract,

IrelandLitigation, Mediation & Arbitration
Charles Waterhouse
Charles Waterhouse
Darryl Broderick
Darryl Broderick
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In the recent High Court case of Geraldine Cantrell v Allied Irish Banks Plc, the Second Belfry Properties (UK) Plc and Others, the Plaintiff sought an order for damages for breach of contract, breach of statutory duty and for negligent misrepresentation against the Defendants. The Plaintiff's claim was that by virtue of representations made by the Defendants she was induced into making certain investments as a result of which she suffered loss. The Plaintiff claimed that the information provided did not give a full picture as to what the investment entailed.

As a preliminary point the Defendants argued that the Plaintiff's claim was statute barred by virtue of the Statute of Limitations.

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