One of two international investment firms involved in a challenge to the Government's plans to buy back debt from junior bondholders in AIB has withdrawn its action.
Lawyers for Abadi and Company Securities told Mr Justice John Cooke that the action could be struck out.
Senior Counsel for the firm John Rogers said the Minister for Finance had agreed to pay Abadi and company a sum of money in respect of its legal costs.
The action involving the other investment firm, Aurelius Capital, is still going ahead and is expected to begin on Tuesday.
