Courts / Dublin / Report
Fund fails in bid for €1.5m summary judgement against father and daughter
Summary
In a High Court decision on 2 December 2019, Mr Justice Tony O'Connor ruled that a father and daughter, Patrick O'Reilly and Breda O'Reilly, have arguable defences to a financial fund's demand for a €1.5 million judgment. The fund, Promontoria Aran Ltd, had sought summary judgment over a loan from Ulster Bank that secured an apartment in Herbert Park, Dublin. The fund claimed the defendants failed to repay the loan and sought an order to sell the apartment. Breda O'Reilly, who left Ireland in 1994 and lives in the United States, denied ever applying for a mortgage or banking with Ulster Bank and said she was unaware of her ownership until 2017. Patrick O'Reilly admitted ownership and claimed the debt had been repaid, also arguing the claim was time‑barred.
Who, what, where, when and why
What: Report matter: Fund fails in bid for €1.5m summary judgement against father and daughter. Procedural stage: hearing_or_decision
When:
- 2019-12-02 Publication
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