Courts / Dublin / Report

Victory church trustees fail in bid to have receivership overturned

Date
2015-06-10
Stage
Appeal
Primary locality
Dublin
County
Dublin

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May 2013 was invalid because BOS had received unauthorised confidential information about VCF's charitable status being withdrawn.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:

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 Venue
  • Court of Appeal
  • High Court
  • The High Court
Facility
  • Kilmacud House
Address Area
  • Kilmacud Road
  • Firhouse Road
Secondary Mention

Topics

Stage Appeal

Related court reports

Read the original CNI report

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