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Court appoints receiver in Breifne O'Brien case

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Briefne O’Brien

Briefne O’Brien

Briefne O’Brien

CREDITORS pursuing businessmen Breifne O'Brien in a bid to enforce judgments of some €13m have secured court orders appointing a receiver over his interest in a property in Boston held via two Irish-registered partnerships. The €100,000 investment in the partnerships was disclosed by Mr O'Brien in a statement of affairs provided in 2008.

Judge Peter Kelly appointed the receiver yesterday.

It followed an application by counsel representing several investors who previously obtained judgments totalling some €13m against Mr O'Brien, with an address at Kilmore, Monkstown Grove, Monkstown, Co Dublin.

Solicitor Brian Quigley, of McCann Fitzgerald, was appointed receiver with a range of powers aimed at realising any sums due to Mr O'Brien under his interest in the partnerships, Sig Capital Nominees and Sig Cap GB.

The judge had last month appointed Mr Quigley as receiver over shareholdings of Mr O'Brien in two Irish-registered companies and one Massachusetts-registered company, which were also disclosed in 2008 in his statement of affairs.

While the application concerning the partnerships was being made in proceedings in which brothers Louis and Robert Dowley had obtained judgment for some €3.1m against Mr O'Brien, the Dowleys and other judgment creditors had all agreed to co-operate in enforcing their various judgments and this application came under that agreement, the judge said.

Irish Independent