Tristan, Thames Bank UK dispute rumbles on

Thames Bank Property says it has attempted to serve legal papers against Tristan Capital Partners and a subsidiary of the firm’s EPISO 4 fund over a claim linked to a completed development in Plymouth.

As previously reported, the UK property and development company specialising in city centres alleges it is owed ‘substantial unpaid debts' – a claim refuted by Tristan.

Thames Bank said in a statement it had served proceedings and is awaiting the London-based company to acknowledge. Tristan’s law firm is Bryan Cave Leighton Paisner (BCLP).

Thames Bank argues it is owed £750,000 (€850,000) arguing that it originated the Derrys department store site in 2016 and paid the £750,000 deposit at its own risk on exchange of the land contract.

Tristan denies the claim.


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