Courts / Dublin / Report

Bank can execute possession orders against Jerry Beades properties, court rules

Date
2018-06-29

Stage
Hearing Or Decision

Primary locality
Dublin

County
Dublin

Summary

The High Court granted KBC Bank permission to execute possession orders for two of Jerry Beades' properties, after a series of appeals. KBC sought orders for the properties at Richmond Avenue, Fairview, Dublin 3, and Little Mary Street, Dublin 1, claiming Beades had borrowed about €1.3 million in 2003 from IIB Homeloans Ltd, secured on those properties, and that €2.1 million remained outstanding. The orders were originally secured in 2008, appealed to the Supreme Court, and upheld in 2014. Beades opposed the orders, arguing that IIB was not entitled to sell the loans to KBC without his consent, that his personal data had been misused, and that a delay had forfeited KBC's right to execute the orders.