Courts / Dublin / Report
€3.6m freezing order against engineering firm discharged
Summary
In a High Court hearing on 24 July 2020, the court discharged a €3.6 million Mareva freezing order that had been imposed on Instant Upright Ltd, a scaffolding and engineering products manufacturer. The order, obtained by Airscape Ltd – the landlord of a factory unit on Friel Avenue, Park West Industrial Estate – had prevented Instant Upright from reducing its assets below €3.6 million. Airscape had claimed that Instant Upright breached lease terms and had sought damages for alleged rent arrears and loss of future income. Instant Upright denied the claims, arguing the freezing order was an abuse of process and that its reputation and trading ability had been harmed. Thomas Hogan SC and Martin Canny BL argued that the court had been misled by nondisclosed evidence and that no fraud had been proven.
Who, what, where, when and why
What: Report matter: €3.6m freezing order against engineering firm discharged. Procedural stage: hearing_or_decision
When:
- March 2018 Other
- 2020-07-24 Publication
Case subjects
Applicant
Places mentioned
- High Court
- Friel Avenue
- Park West Industrial Estate
- Nangor Road
Topics
Fraud Stage Hearing Or Decision
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