Courts / Louth / Report
Dispute over Blackrock property
Summary
A dispute over a commercial property at 13‑15 Rockhill, Main Street Blackrock, Co. Dublin, has been admitted to the fast‑track Commercial Court list. Cheldon Property Finance Designated Activity Company and receiver Ken Tyrell seek to sell the premises, which is owned by Ms Deryn Mackay. The fund, represented by Rossa Fanning SC, alleges that Ms Mackay owes €2.5 million for loans advanced by PTSB between 2003 and 2007, which Cheldon acquired in 2015. The property was used as security for those loans. Ms Mackay claims that, after discussions with her advisor and Pepper Asset Finance DAC, she has a binding agreement that Cheldon must accept €800,000 to settle her debts and remove the mortgage. Cheldon denies any binding agreement and wants to sell the property to reduce her indebtedness.
Who, what, where, when and why
What: Report matter: Dispute over Blackrock property. Procedural stage: hearing_or_decision
When:
- 2003 and 2007 Other
- 2018-10-15 Publication
Places mentioned
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