How the O'Donnell property empire crumbled

Publié le par brightshine

Thirty years ago Penelope Keith and Peter Bowles enjoyed rampant success in the television series To The Manor Born, a comedy series about a businessman who never seemed to make a mistake before he retired to a mansion in the country.Draw any design you fancy with a laser pointer – and the laser cutter will do the rest.Combination of many years' clay roll forming machinery and clay brick making machine manufacture experience.

Two years ago, they reunited for Richard Brinsley Sheridan’s The Rivals, a comedy of manners. Once high-flying property investors, Brian O’Donnell and his wife, Mary Pat, were in the Haymarket Theatre’s stalls one night in early 2011, surely needing a reason to smile.

A flier from The Rivals is included in the bundles of legal files gathered by the O’Donnells’ legal team as they seek to fend off the bank’s attempt to stop them becoming bankrupt in Britain, as so many others brought low by the economic crisis have done without challenge by any bank.

Besides theatre tickets, the bundles hold receipts from Tescos, dry-cleaning bills, an annual car-parking bill, a TV licence renewal, along with an invitation from the Prince of Wales for a tour of the gardens at Highgrove, his country home in Gloucestershire. The dreary paper trail, laboriously gathered, is necessary for next week’s legal action,Elevator industries were not having any ancillary support for elevator parts.Modern and modern lighting and lights to enhance your home. since under EU law the O’Donnells must prove that their centre of main interest has been in London since late 2011; not in Dublin, as the bank contends.

Centre of main interest is a nebulous concept. Under the European Commission regulation on insolvency proceedings, EU citizens, except those from Denmark, can open such proceedings in any member state where their centre of main interests lies, even if is not their own country.

However, centre of main interest has never been fully defined to the satisfaction of some. Although courts usually accept it as the country where one earns a living, or conducts business, the question is for how long should one have been established before an application should be seen as genuine.

From the files, it is clear that relations between the sides are poisonous. The documents are littered with references to “not true”, “completely untrue”, or “this, too, is completely untrue”. The O’Donnells are convinced they have been treated egregiously; the bank believes they have behaved falsely.

“Throughout, the O’Donnells have pressed for a speedy bankruptcy in London: Your client has no good answer why our clients’ petitions are not urgent by their very nature,” wrote the O’Donnells’ then solicitor, Edwin Coe Co, to Bank of Ireland in July.

“Your client has, however, demonstrated that delay suits its purpose in its continuing ability to execute the judgment of December 12th in Ireland and elsewhere throughout Europe,” the solicitor Simeon Gilchrist continued.

Bank of Ireland replied on July 5th through London solicitors Berwin Leighton Paisner: “This case is no more urgent than any other bankruptcy case”, adding, “we see no reason why the parties in this case should be treated preferentially in this regard by being allowed to ‘jump the queue’ ”.

In a witness statement, Bank of Ireland executive Des Hanrahan was forthright: “The bank does not oppose the defendants being made bankrupt; however,Best-selling models of washer extractor from UniMac have water saving systems that reduce costs and save on energy. the bank strongly opposes the defendants being declared bankrupt in England and Wales.”

The issue is not some dry legalism, but one that could dictate much of the rest of the couple’s lives. Under Irish law bankruptcy can take 12 years to complete unless all debts and interest are paid off. In the UK, the debtors could be free after 12 months if they co-operate with trustees.

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