A property fund indebted to lender Relm has been accused of launching vexatious and oppressive legal proceedings in New York and then using the action to “intimidate” prospective purchasers of Irish assets now in receivership. The contested claim against Goldstein Property, an Icav advised by property investor Mel Sutcliffe, was made by Relm’s lawyers McCann FitzGerald in a letter on February 26 last to William Fry, the law firm acting for the fund. It is one of several sharp legal exchanges between the parties who are locked in dispute over loan facilities of around €150 million, secured on 47 commercial properties,…

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