Gerry Barrett bids to prevent seizure of assets

Galway businessman will argue that Deutsche Bank breached a 'standstill agreement' by installing receivers over his hotel and property empire

Ian Kehoe - avatar

Ian Kehoe

26th September, 2017
The Meyrick Hotel in Galway was the most profitable of Gerry Barrett’s assets

Barrett, who has debts approaching €700m, will tell the Court of Appeal that the bank had agreed not to foreclose on his assets for a designated period of time, but that this agreement was subsequently breached.

The standstill agreement forms the central plank of Barrett’s appeal against a High Court decision on four related firms involved in the operation of the five-star G Hotel and the Eye Cinema.

Deutsche Bank, which acquired...

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