Jackson Way fighting to get E13m compo payout

A MYSTERIOUS property firm based in Britain is continuing its fight to obtain E13 million in compensation from Dun Laoghaire-Rathdown County Council, despite being the subject of serious allegations of corruption at the Planning Tribunal over the past year.

Jackson Way Properties has filed papers with the British Companies Office within the past week to avoid the risk of being struck off.

Although it has been dormant for several years, the move shows Jackson Way is still hoping to obtain a large compensation payout after its lands at Carrickmines

in south Dublin were compulsorily acquired by Dun Laoghaire-Rathdown County Council for the South-Eastern Motorway.

Last year, an independent arbitrator awarded Jackson Way E13m. However, the company is still facing a series of major hurdles to get any of the award as it is known to have difficulties proving its legal title to the land. Jackson Way was also struck off the British register of companies last year.

The action, which meant it had no legal entitlement to claim its E13m compensation, forced Jackson Way to petition the British High Court to restore it to the official register.

The latest company papers reveal that Jackson Way increased its authorised capital from 1,000 to 5,000 shares in August last year.

However, the firm still lists Birmingham estate agent Alan Holland as its sole shareholder, although the Planning Tribunal has heard evidence its real beneficial owners are the reclusive Isle of Man-based businessman Jim Kennedy and solicitor John Caldwell.

It has also heard evidence from political lobbyist Frank Dunlop that he bribed councillors on behalf of the company in the 1990s in order to obtain rezoning of the site.

Jackson Way originally sought E116m in compensation for its lands at Carrickmines a figure it subsequently reduced to E47m.

Any payout could still face seizure by the Criminal Assets Bureau which has also conducted an investigation into the company.

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