Courts / Galway / Report
Receiver appointed over company shares linked to Kevin McGeever
Summary
In a High Court hearing on 14 October 2016, Mr Justice Paul McDermott appointed solicitor Mr Hugh Kane of Kane Tuohy as a receiver on an interim basis over shares in Universal Assets Ltd, a Belize‑based company linked to former property developer Kevin McGeever. The shares, owned by Mr Robert Kearney, are alleged to be held by Mr McGeever as a beneficial owner and are connected to a mansion called 'Nirvana' on a five‑acre site in Craughwell, County Galway. Mr James Byrne, who obtained a €1.2 million judgment against Mr McGeever in 2014 over a failed Dubai apartment deal, sought the receiver's appointment to protect his position and recover the judgment. Mr McGeever's lawyers opposed the appointment, arguing no urgency and that Mr McGeever was seeking a valuation of 'Nirvana'. Mr Justice McDermott noted that no deed of trust or trustee details had been provided and adjourned the matter to 25 October 2016.
Who, what, where, when and why
What: Report matter: Receiver appointed over company shares linked to Kevin McGeever. Procedural stage: hearing_or_decision
When:
- October 25th Adjournment
- 2016-10-14 Publication
Places mentioned
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