Gerry Barrett bids to prevent seizure of assets

Gerry Barrett bids to prevent seizure of assets
The Meyrick Hotel in Galway was the most profitable of Gerry Barrett’s 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 over his 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...

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