Friday 28 July 2017

Land League chief leads hot pursuit of debts in Qatar

New Land League chief Jerry Beades at the Construction Week Qatar Awards 2016
New Land League chief Jerry Beades at the Construction Week Qatar Awards 2016
Ronald Quinlan

Ronald Quinlan

As the founder of the New Land League, Jerry Beades has defended distressed borrowers against banks seeking to repossess their property.

From standing up for families facing eviction to leading the charge on behalf of high-profile solicitor Brian O'Donnell in his fight against Bank of Ireland's efforts to take possession of his family's Killiney mansion, Gorse Hill, Beades has waged war against financial institutions seeking to recover the debts they maintain they are owed.

But while the Dublin developer has fought banks in Ireland by picking apart the paperwork they rely on to enforce their loans, it does not mean he believes people should not repay their debts.

In his role as Qatar country manager at demolition company JMCI, Beades outlined recently how he and his colleagues had become more aggressive in securing payments from the firm's clients.

In a video interview posted online from last October's Construction Week Qatar Awards 2016, he said: "The biggest problem in Qatar at the moment is payments, and keeping oneself funded. There's plenty of work, but getting payments in is a big, big issue."

Referring to the steps he and JMCI had taken to address the matter, he added: "We've got more aggressive in requesting payments, and I've just had a series of meetings over the last couple of days, chasing up old money. This week, we actually got money in that we've been chasing over the last three months that was outstanding for two years."

Asked by the Sunday Independent to comment on his efforts to recover debts in Qatar in view of his experience of fighting banks seeking repayment here, Beades said: "It's a completely different issue to the day job.

"With banks here, we're dealing with a different issue altogether.

"We're fighting down in the courts on property, and it's to do with banks where they don't have the proper paperwork... We've had successful challenges to Ulster Bank."

Asked if recovery of debt was central to both types of cases, Beades added: "I have obviously have a different view from you."

Sunday Indo Business

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