Blue Diamond Sports loses injunction case against Bank of Ireland

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Blue Diamond Sports Ltd lost its High Court application for an injunction against Bank of Ireland on 23 November 2018. The Dundalk money transfer and bureau de change business sought to prevent the bank withdrawing its banking services and closing its accounts.

Mr Justice Senan Allen refused the application, finding that the company had not shown a strong case against the bank’s decision. He also held that the balance of convenience did not favour an injunction and that any business loss could be compensated through damages.