Courts / Dublin / Report
Landlord of Gill publishers resolves action over loan
Summary
The Gill family, owners of the book publisher Gill, resolved a High Court dispute with Gulland Property Finance Ltd over a €3.3 million loan that the lender claimed was due. The family had secured a temporary injunction preventing Gulland from appointing a receiver on the property, worth about €4 million, which had been used as security for the loan. The injunction, granted by Justice Paul Gilligan, barred Gulland from enforcing the loan or appointing a receiver following a February demand for repayment. In court, the partnership confirmed that the loan had not expired and would not be due until 2020, as per agreements made after the loan was transferred from Anglo Irish Bank to IBRC and then sold to Gulland in February 2015. The partnership also stated it had been making monthly interest payments and annual capital repayments of €137,000, and that it was fully solvent. The matter was declared resolved by the court.
Who, what, where, when and why
What: Report matter: Landlord of Gill publishers resolves action over loan. Procedural stage: hearing_or_decision
When:
- February 2015 Other
- 2016-04-05 Publication
Places mentioned
- High Court
Topics
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