Farmer loses appeal against bank's appointment of receiver over EU BPS payments

A Co Meath farmer has lost his Supreme Court appeal over a bank’s appointment of a receiver over annual payments of €170,000 to him under the EU Basic Payment Scheme.

A five-judge Supreme Court ruled ACC’s appointment of the receiver by way of equitable execution over the payments to Mark Rickard was, in the circumstances of this case, “warranted and justifiable”.