Courts / Dublin / Report
Asset transfer between Alistair Tidey and wife "a sham", bankruptcy official alleges
Summary
The Commercial Court has been asked to set aside a transfer of assets by businessman Alistair Tidey to his wife Jane, which the Deputy Official Assignee (OA) claims was a sham designed to protect assets from Tidey's creditors. The OA's action, brought by Deputy Official Assignee Denis Ryan, is against Mrs Tidey and two companies, Universal Concepts Ltd and Two Design Investment Ltd. Mrs Tidey, represented by solicitor Graham Kenny, denies wrongdoing. The case arose from alleged transfers between the couple that the OA says were fraudulent conveyances made while Tidey was insolvent, before his 2019 bankruptcy. The OA seeks orders declaring the transfers null and void. The matter was admitted to the fast‑track commercial court list and will return in January. The court heard that Tidey had previously secured loans from EBS, refinanced them, and later claimed a net asset deficit, leading to his bankruptcy.
Who, what, where, when and why
What: Report matter: Asset transfer between Alistair Tidey and wife "a sham", bankruptcy official alleges. Procedural stage: hearing_or_decision
When:
- January 2019 Hearing Or Sentence
- 2006 and 2010 Other
- 2020-12-07 Publication
Why: In order to secure those loans, Mr Tidey allegedly provided a statement of affairs that gave him a net worth of €36m. CNI source report
Case subjects
Applicant
Places mentioned
- Vico Road
- Dublin
- Mr Tidey's estate
- Vico Road
- Herbert Park
- Merrion Square
Topics
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