Relm Finance has failed to strike out a lawsuit being taken against it by a fund managed by the property investor Mel Sutcliffe over the receivership of 47 property assets. It did, however, prevent the fund, the Goldstein Property ICAV’s Sub Fund II, from securing a lis pendens against its assets. A lis pendens is a declaration that the properties were the subject of legal proceedings, which might have made it harder for them to be sold. In his judgment, Justice Michael Twomey said: “This Court refuses to strike out the proceedings as bound to fail, but it will vacate…

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