Receiver’s bar appointment ruled invalid

The High Court has ruled Bank of Scotland’s appointment of a receiver over a Dublin city centre bar and restaurant premises is invalid.

Mr Justice Paul Gilligan said the bank’s appointment of David O’Connor as receiver/manager of Foley’s Bar and the O’Reilly Bar at Merrion Row, Dublin 2, was invalid because the bank failed to comply with a formality.

That formality required the bank to make the appointment under its seal in formal writing. That requirement was in the mortgage agreement entered into with the owners and operators of the premises, said Mr Justice Gilligan.