As judgments go, Justice Michael Twomey pulled no punches in his decision on Wednesday. The ultimate outcome was he rejected Goldstein Property’s attempt to injunct receivers appointed by alternative lender Relm from selling a portfolio of commercial properties, including Shelbourne House in Ballsbridge, Dublin. But there were plenty more findings along the way. Number one. The fund, beneficially owned and advised by real estate investor Mel Sutcliffe of Quanta Capital, had “decided to take the law into its own hands” – not by acting illegally – but in attempting to stop the sale of the Ballsbridge office block by intimidating…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
For a limited time, get your first month for €1 and unlock full access to The Currency and The Wall Street Journal – two premium memberships, one subscription.