Mel Sutcliffe asset firm attempted to 'weaponise' threat of legal costs over sale of Ballsbridge property, says judge

"Investor Mel Sutcliffe's asset vehicle Goldstein attempted to 'weaponise' the threat of hefty legal costs, in an attempt to intimidate an auctioneer to stop acting for receivers selling one of its valuable Dublin properties, a High Court judge said."

"Mr Justice Michael Twomey said Goldstein Property, an asset management vehicle, is insolvent and beneficially owned by Mr Sutcliffe."

Goldstein Property, an asset management vehicle beneficially owned by investor Mel Sutcliffe, is insolvent. A High Court judge said Goldstein attempted to weaponise the threat of hefty legal costs. The purpose was to intimidate an auctioneer into stopping action for receivers selling a valuable Dublin property. The judge’s comments indicate the legal-cost threat was used as leverage to influence the auctioneer’s role in the sale process. The court also treated the company’s insolvency as a relevant context for the conduct described.

Read at Independent