Courts / Dublin / Report
Partnership secures injunction preventing sale of city-centre properties
Summary
The Firstwood Partnership, owners of a car park and several commercial premises in Dublin 2, obtained a temporary injunction from Mr Justice Tony O'Connor to stop Launceston Property Finance and its appointed receiver, Mr Stephen Tennant, from selling the properties. The injunction, granted ex‑parte, prohibits the receiver from collecting rents or disposing of the assets, which include a car park, a restaurant, offices at 1‑6 St Andrews Lane, Nos 14 & 15 Trinity Street, Nos 1 & 2 Dame Lane and part of No 3 Dame Lane. The partnership, comprising Mr Dermot Murphy, Mr Eric Brunker, Mr Anthony Kidney, Gabriel Byrne and Mr Stephen Hamilton, argues that the receiver's appointment is unlawful and that the properties should not be sold. The case arose after Launceston, having purchased the loan from Anglo Irish Bank in 2014, appointed a receiver following a dispute over alleged breaches of loan terms.
Who, what, where, when and why
What: Report matter: Partnership secures injunction preventing sale of city-centre properties. Procedural stage: hearing_or_decision
When:
- 2016-10-05 Publication
Why: Seeking the injunctions, Rossa Fanning SC, for the partnership said the action was being brought because of his client's concern that the properties could be sold by the receiver. CNI source report
Places mentioned
- 6 St Andrews Lane
- Trinity Street
- 2 Dame Lane
- No 3 Dame Lane
Topics
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