Court rules against Jerry Beades owned firm.

antiestablishmentarian

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Wonder if this has anything to do with his attempts to reform FF...

Mr Justice Peter Kelly said, while ACC was entitled to the possession orders against Fairlee Properties Ltd over non-payment of a €1.5 million debt, he would not make such orders until various persons and companies said to be in occupation of the properties were notified and given an opportunity to be heard.

In those circumstances, the judge deferred the proceedings to later this month.

Receiver Kieran Wallace is seeking orders for possession of properties located at 158 to 163 Richmond Road, Fairview, Dublin 3 and Unit 6, Tivoli Centre, Richmond Road Industrial Estate, Dublin.

Mr Beades had argued ACC had no authority to appoint Mr Wallace as receiver on grounds the bank had about June 2009 internally written off most of Fairlee’s liabilities to it. He also claimed he was entitled to damages, including exemplary damages, against the bank over appointment of the receiver.

Mr Beades also argued today he was not getting “justice” because of how the case was being conducted and said he intended to apply to the Supreme Court.
The judge said there was a complex background to the proceedings dating back to a High Court order of February 2009 under which, by consent, it was ordered ACC should recover some €1.5 million against Fairlee and Mr Beades. Execution of that judgment was stayed until June 30th last with no interest to apply until July 1st.

Mr Beades accepted none of that money had been paid by him or Fairlee and ACC had appointed Mr Wallace as receiver, the judge said. That appointment was unsuccessfully challenged in proceedings before Mr Justice Brian McGovern last July when Mr Beades and Fairlee were also directed to provide names of the tenants of the properties.

While a list was provided, it was only now the tenants had been clarified, the judge said. It was “remarkable” a lot of the tenants were companies, some of which were dissolved, of which Mr Beades was a director or were apparently there with the leave of Mr Beades or his companies, he added.
Ouch. This could really blow up in his face. Interesting as well that he feels entitled to exemplary damages because a receiver was appointed to his company's property even though they hadn't paid a penny of the money they owed the bank.

http://www.irishtimes.com/newspaper/...reaking52.html
 


droghedasouth

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You couldn't make it up.

Maybe Bertie will organise a dig-out.

Maybe he should take up sleep walking.
 

Mitsui2

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To paraphrase Pete Townshend, Here comes the New Fianna Fáil, same as the old Fianna Fáil!
 

cricket

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Is he the guy who comes out with an attack on Cowen every now and then ?
 

stanley

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Just another FF'er who thinks because he is Ahern's mate he is entitled, in this case not to repay monies borrowed.
He already had a run-in with ACC's parent over missing title deeds, they coughed up compo but he wants the whole slate wiped and probably a fresh loan to get him started again.
Hope the ACC nail him to the cross.
 

MsAnneThrope

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Is he the guy who comes out with an attack on Cowen every now and then ?
That'd be him alright. He was on RTÉ News earlier this year, before Cowen's reshuffle, and didn't mince his words about the need for change at the top.
 

antiestablishmentarian

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You couldn't make it up.

Maybe Bertie will organise a dig-out.

Maybe he should take up sleep walking.
Perhaps FF Nua are representative of a wing of FF pissed off with the fact that Nama only takes loans worth more than €20 million: there's plenty of them who are up to their eyes in debt but who still don't qualify for Nama :lol:
 

sideline2

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So this man was interviewed by Mark Cagney on TV3 this morning. Was there 'ere a mention of Beades' former profession and political entanglements? Not a bit of it. Instead, we had Beades' waxing lyrical on Davitt and telling us how hard done by the O'Donnells are. He couldn't tell us exactly why, of course, because it's sensitive and the subject of ongoing litigation.

I'm pondering who I think makes a worse representative of the ordin'ry, decent Irish sheeple; Just Wee Derek or Bertie's buddy Beades.
 

Levellers

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I saw him on TV bemoaning the tribulations of the O'Donnells and Sean Quinn.
 


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