Siblings fight BoI appointment of receiver over luxury home

A challenge by the adult children of solicitor Brian O’Donnell to the appointment of a receiver over their luxury home has opened at the Commercial Court.

Bank of Ireland, which is seeking to enforce a €71m judgment against Mr O’Donnell and his wife, Mary Patricia O’Donnell, arising from unpaid loans, claims the children are not in lawful occupation of the property at Gorse Hill, Vico Rd, Killiney.

According to a previous statement of net worth from the couple, the property was valued at €30m in 2006, but now has an estimated worth of €6m to €7m.