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
The Galway businessman Gerry Barrett will argue today that Deutsche Bank breached a “standstill agreement” by installing receivers overhis hotel and property empire, as he makes a final attempt to prevent the bank seizing a number of his businesses.
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 ...
