Monaghan property company suing AIB over land deal

Irish Times | Oct 12, 2019 at 5:28 AM
  • AIB is being sued by a Monaghan company that alleges receivers appointed by the bank sold land to Applegreen for several million pounds less than a price agreed between the company and the listed service station group just months beforehand.
  • Monaghan company Silverstream is now suing AIB for breach of contract, negligence and breach of both confidentiality and duty to avoid conflict of interests.
  • On November 21st, 2012, the company agreed to AIB’s request that a receiver be appointed to the sites.