Solicitor and client can continue with claim alleging mis-selling of pension investment fund

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Solicitor and client can continue with claim alleging mis-selling of pension investment fund via IrishTimesBiz

They claimed they were not told, before entering into their investments, of the existence of a loan-to-value covenant in bank borrowings to secure the investments.

The property in question was acquired by the fund in February 2006 but in 2010 a receiver was appointed over it and it was sold in 2011. He says he and his company suffered loss following the appointment of a receiver on foot of the breach of the loan-to-value covenant and the subsequent sale of the property while it was in negative equity.

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