Courts / Galway / Report

Freezing order granted in legal fees row involving Galway Clinic shareholders

Summary

Three companies – Marpole Ltd, BMD Investments Ltd and Parma Investments – secured a temporary High Court injunction to freeze the assets of Blackrock Medical Partners Ltd (BMPL), a company controlled by US‑based doctor and businessman Joseph Sheehan Senior. The injunction was sought because BMPL allegedly owes the three firms over €800,000 in legal fees after a failed High Court action. BMPL had recently received several million euros from the sale of shares it held in Marpole Ltd to Parma, and the plaintiffs fear that these funds could be dissipated. The court, hearing the case ex‑parte, granted the freezing order, preventing BMPL from transferring, dissipating or reducing its assets, particularly the proceeds of the share sale, below €800,000. The order is returnable to a date next week. The injunction follows a prior judgment where BMPL's action to stop BMD from transferring its shares to Parma was dismissed and the three firms were awarded legal costs.

Who, what, where, when and why

What: Report matter: Freezing order granted in legal fees row involving Galway Clinic shareholders. Procedural stage: hearing_or_decision

When:

• 2020-02-06 Publication

Why: There was no reason for Mr Sheehan to leave cash in the firm for any extended period of time, he said. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report