Courts / Dublin / Report
Victory church trustees fail in bid to have receivership overturned
Summary
The Court of Appeal dismissed an appeal by the trustees of Victory Christian Fellowship (VCF) against a High Court ruling that Bank of Scotland (BOS) could appoint joint receivers over three of VCF's Dublin properties. The High Court had found BOS entitled to a judgment of €18.76 million against the trustees and to permanent injunctions preventing the trustees from obstructing the receivers. The trustees argued the receivers' appointment in May 2013 was invalid because BOS had received unauthorised confidential information about VCF's charitable status being withdrawn. They claimed a debt‑reduction plan had been agreed in March 2013, which would have avoided receivership. The Court of Appeal, however, upheld BOS's contractual right to appoint receivers, noting that the disclosure of the confidential information did not prove it caused the decision. The trustees accepted the debt but did not appeal the €18.76 million judgment. The appeal was dismissed by Justices Peart, Hogan and Mahon.
Who, what, where, when and why
What: Report matter: Victory church trustees fail in bid to have receivership overturned. Procedural stage: appeal
When:
- May 2013 Incident
- December 2013 Hearing Or Sentence
- March 2013 Incident
- 2015-06-10 Publication
Why: The three judge court on Wednesday rejected arguments by the VCF's trustees Brendan Hade, the church's senior pastor, his wife Shelia Hade, of Fountain Head, Rockbrook, Rathfarnham Dublin, and Gerry Byrne of Woodstown, Knocklyon, Dublin that the appointment of receivers in May 2013 was invalid because the decision to appoint receivers was precipitated after it obtained unauthorised confidential material about the VCF. CNI source report
Places mentioned
- Court of Appeal
- High Court
- The High Court
- Kilmacud House
- Kilmacud Road
- Firhouse Road
Topics
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