Courts / Dublin / Report

Dispute over factory premises

Date
2020-07-20
Stage
Hearing Or Decision
Primary locality
Dublin
County
Dublin

Summary

A dispute over an alleged breach of a leasing arrangement for an industrial unit between landlord Airscape Ltd and former tenant Instant Upright Ltd has been admitted to the fast‑track commercial court list. Airscape secured a Mareva injunction freezing Instant Upright's assets below €3.6 million after claiming arrears of €1.3 million on a 25‑year lease that began in 2001, with an annual rent of about €1.5 million. Airscape says the tenant terminated the lease in March 2018, left the premises, and that the premises were damaged in a snow storm that Airscape restored. Airscape also alleges future losses of €2.3 million and seeks damages for breach of contract. Instant Upright denies any arrears, disputes the termination, and argues the freezing order is unwarranted, claiming it has no intention to dissipate assets and that the order harms its reputation and business.

Who, what, where, when and why

What: Report matter: Dispute over factory premises. Procedural stage: hearing_or_decision

When:

Places mentioned

Address Area
  • Friel Avenue
  • Park West Industrial Estate
  • Nangor Road
Secondary Mention
Court Venue
  • High Court

Topics

Stage Hearing Or Decision

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