The Bad PlaceIrish Independent : Independent | Mel Sutcliffe asset firm attempted to ‘weaponise’ threat of legal costs over sale of Ballsbridge property, says judge
AI generated summary, Read the full article for complete information.
Investor Mel Sutcliffe’s asset vehicle, Goldstein Property, was found by a Dublin High Court judge to be insolvent and wholly owned by Sutcliffe, and to have tried to “weaponise” the threat of costly litigation in order to intimidate an auctioneer into halting the sale of a valuable Ballsbridge property that the receivers were handling. Justice Michael Twomey said the firm’s tactic was an attempt to use the prospect of hefty legal costs to block the auction, rather than a legitimate legal dispute.
Mel Sutcliffe asset firm attempted to ‘weaponise’ threat of legal costs over sale of Ballsbridge property, say
Investor Mel Sutcliffe’s asset vehicle Goldstein attempted to ‘weaponise’ the threat of hefty legal costs, in an attempt to intimidate an auctioneer to stop acting for receivers selling one of its valuable Dublin properties, a High Court judge said.