Courts / Dublin / Report

Family-run Dublin jewellers to shut up shop after 40 years due to dispute with bank, court hears

Date
2015-11-20

Stage
Hearing Or Decision

Primary locality
Dublin City

County
Dublin

Summary

A family‑run jeweller, Des Byrne Jewellers, closed its Dublin shop after a dispute with Danske Bank over a 2006 loan. The Byrnes, who owned the premises at 26 Bachelors Walk, claimed the bank's receivers sold the property for €502,000, about 55% of its market value, and that the bank was seeking judgment for €489,000 still owed. The Byrnes argued the loan terms were misrepresented by the bank's relationship manager and that they had consented to sell the property to discharge the debt. The case was heard by the Master of the High Court, Mr Edmund Honohan, who scheduled a hearing before a High Court judge for the following year. The business closed its doors on the evening of the hearing, citing the legal dispute as the reason for its final shutdown.

Who, what, where, when and why

What: Report matter: Family-run Dublin jewellers to shut up shop after 40 years due to dispute with bank, court hears. Procedural stage: hearing_or_decision

When:

September 2013 Other
May 2014 Other
2011 and 2012 Other
2015-11-20 Publication

Why: Mr Barry Creed, solicitor for the Byrnes, said the business was shutting its doors for the final time that evening because of the legal dispute with Danske Bank. CNI source report