Courts / Dublin / Report

Management company claims its owed over €800k

Summary

IEGP Management Company, which runs the Ivy Exchange complex on Parnell Street, Dublin, has filed a claim in the fast‑track Commercial Court seeking over €800,000 in unpaid service charges from JOM Investments Unlimited Company, a firm linked to the Cosgrave family of builders. IEGP alleges it raised charges to cover remedial work for alleged fire‑safety defects in the development, work it says is necessary to keep the properties insurable and to mitigate danger to life and property. The company says it has received only 5 % of the amount it claims is owed. JOM denies the allegations, stating that all charges have been paid in full and on time, and argues the claim is an attempt by IEGP to fund the legal costs of separate 2018 proceedings.

Who, what, where, when and why

What: Report matter: Management company claims its owed over €800k. Procedural stage: hearing_or_decision

When:

• 2021-10-22 Publication

Why: Last May, the management company increased the service charges in order to fund remedial works IEGP says it needs to carry out so the properties remain insurable and to mitigate any alleged danger to property and human life due to the alleged fire safety defects. CNI source report

Case subjects

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report