‘I’m not going anywhere’ – Goldman Sachs to repossess boutique Dublin 4 hotel

US investment bank Goldman Sachs will on Thursday move to take possession of a boutique hotel in Dublin 4, on the back of almost €26 million in boom-era borrowings.

However, according to a legal letter seen by The Irish Times, receivers appointed by Goldman Sachs have told the occupants – Ann Keane and Patrick Halpin – they intend to take possession of the property on Thursday morning an foot of an order which they first secured in 2013. Ms Keane and Mr Halpin live at the address along with their two children. Speaking to The Irish Times, Ms Keane said she had no intention of providing vacant possession to the receiver, who was appointed by Kenmare Property Finance, an Irish-based subsidiary of Goldman Sachs, which the firm uses to control some of its Irish loans.“I’m not going anywhere on Thursday. This is my home, my only income, my business – I don’t have anywhere to go.

Since then, Ms Kean and Mr Halpin have fought a protracted courtroom battle to stay in their home, disputing the validity of the cross-guarantee between the two companies. In 2016, a set of proceedings – described by lawyers for Goldman Sachs as an attempt to “stymie possession” – was dismissed as an abuse of process by the High Court.

Source: Loan Digest (loandigest.net)

What a great country, nobody has to pay for they're fuck ups.

Have to say, if I took a loan of 26 million quid out... not sure they have a leg to stand on. They were part of the problem when the country fell to pieces. It’s a gamble that failed Unfortunately someone has to be accountable. Money doesn’t grow on trees

Goodness this gonna be a frivolous comment, but where is his pitchfork? Grant Wood anyone?

Who’s the good guy&who’s the villain? The teachers who invested their pension money with GS &want their money back or the delinquent party?

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