Courts / Dublin / Report
Fund refused summary judgement against Irish-based trader
Summary
The High Court refused to grant a summary judgment of almost €6 million against Peter Lavelle, an Irish‑based trader in the City of London. Justice Marie Baker found that Lavelle had an arguable defence and was entitled to a full hearing. The claim, brought by Stapleford Finance Ltd, concerned loans of €5.934 million that Lavelle had drawn between June 2006 and December 2007 from Anglo Irish Bank, later transferred to IBRC and then acquired by Stapleford. Lavelle, who returned to live in Ireland in 2005 and continued trading online, argued that the loans were consumer credit and that the plaintiff had failed to comply with consumer legislation, making the loans unenforceable. He also contested the interest calculation, claimed the claim was statute‑barred, and questioned Stapleford's proof of assignment.
Who, what, where, when and why
What: Report matter: Fund refused summary judgement against Irish-based trader. Procedural stage: trial
When:
- June 2006 Hearing Or Sentence
- December 2007 Hearing Or Sentence
- June 2013 Other
- May 2014 Other
- 2016-07-06 Publication
Places mentioned
- The High Court
Topics
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