Courts / Dublin / Report
Bank seeks possession of two properties owned by Jerry Beades
Summary
In a dispute over two properties owned by Jerry Beades, a financial lender seeks to enforce possession orders. Beades, an anti‑eviction activist, allegedly borrowed €1.3 million in 2003 from IIB Homeloans Ltd, securing the loans against properties on Richmond Avenue, Fairview, Dublin 3, and Little Mary Street, Dublin 1. The lender claims no repayments have been made for ten years, with €2.1 million still outstanding. Possession orders were obtained from the High Court in 2008, upheld by the Supreme Court in 2014, but the lender did not take possession in 2015 due to concerns about the impact on tenants. The lender now requests the High Court to execute the orders and to change the plaintiff's name from IIB Homeloans Limited to KBC Bank Ireland Limited. Beades' counsel argues that KBC and IIB are separate entities and that the orders cannot be transferred. The judge has reserved judgment, with no decision date announced.
Who, what, where, when and why
What: Report matter: Bank seeks possession of two properties owned by Jerry Beades. Procedural stage: hearing_or_decision
When:
- 2018-06-21 Publication
Why: The lender did not take possession of the properties in 2015 because of concerns it had with the execution of the order, and the effects it would have on those renting the properties. CNI source report
Places mentioned
- Richmond Avenue
- Little Mary Street
- High Court
- Supreme Court
Topics
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