And on a lighter note…
‘Property-obsessed’ man to list assets
independent.ie/national-news … 64756.html
By Tim Healy
Tuesday February 16 2010
A MAN with “a frenetic obsession” with acquiring “more and more properties” has been given a week to explain how he will honour a contract to buy a site – or face possible contempt of court.
John O’Connor, Salzburg, Ardilea, Clonskeagh, Dublin, has an extensive international property portfolio across Ireland, Europe and the US.
Mr Justice Peter Kelly said given Mr O’Connor’s “almost bewildering” number of properties it was “astonishing” to expect the court to believe he was unable to comply with court orders to honour a contract of June 2006 with Esso Ireland under which he agreed to buy Tallaght Service Station in Dublin for €5.3m.
The judge said he found it “incredible” that Mr O’Connor, in an earlier statement of his assets, had omitted as an “oversight”, a large list of properties.
In reply to the judge, Mr O’Connor said he “totally forgot” he had the properties listed while others were syndicated.
It happens to the best of us John, I’m always finding title deeds stuck to the sole of my shoe.
bob3367
February 16, 2010, 12:13pm
#2
I thought this was going to be about Frank Fahy.
spqr64
February 16, 2010, 12:14pm
#3
Now dont be bold and tell the truth, you were hoping this was going to be about FF. Fahey
grumpy
March 9, 2010, 10:05am
#4
A HIGH Court judge has warned a businessman he will go to jail unless within 15 days he provides a full statement of his assets, which include dozens of properties here and in several countries.
Mr Justice Peter Kelly yesterday made an order for the jailing for contempt of John O’Connor over his failure to provide adequate personal financial information to Esso Ireland, which is suing him over his alleged failure to honour a 2006 contract to buy the site of the Esso service station in Tallaght for €5.3 million.
However, the judge said he would put a stay on the order for 15 days to allow Mr O’Connor, “Salzburg”, Ardilea, Clonskeagh, Dublin, one last chance to provide a full statement of his assets.
Mr O’Connor claims that, while he has a very large and global portfolio of properties, he cannot pay the €4.3 million still outstanding on the contract because the value of those properties had dropped considerably, and rental income did not come close to meeting repayments due on them.
irishtimes.com/newspaper/fin … 77445.html
2Pack
March 9, 2010, 10:18am
#5
Mother of Jebus
The deficit of over €35m is 400 Times Income…mind you Anglo would have been good for a 400x Mortgage back in the day.
“He seems to think he can fob me and the plaintiff off on an indefinite basis, but I am going to disabuse him of that,” the judge said.
He ordered Mr O’Connor’s committal to prison but put a stay on that order until March 23rd, by which time Mr O’Connor must have supplied a satisfactory statement of means to Esso.
Sigh. Mr Justice Peter Kelly is my kinda man. What a dreamboat.
I wonder is that an LTEV estimate
2Pack
March 9, 2010, 7:43pm
#9
He presides over a very exclusive club, you gotta be well underwater ( €1m +) before you get to mingle with the great man.
I must bring my flask of tay and my sangwiges with me on a train trip to see the new court and observe for a day.
I take it they gave him first dibs on one of the nicer courtrooms which is the least he deserves.
2Pack:
He presides over a very exclusive club, you gotta be well underwater ( €1m +) before you get to mingle with the great man.
I must bring my flask of tay and my sangwiges with me on a train trip to see the new court and observe for a day.
I take it they gave him first dibs on one of the nicer courtrooms which is the least he deserves.
He’s still in the old place. He has, however, been given court no.1 in the roundhall.
2Pack
March 9, 2010, 8:06pm
#11
Will we flash mob him some morning on the way in with a mass “We’re not worthy” up on one leg or else a mass “we’re not solvent” as he majestically traverses the central hall , people think we got no sense of humour around here
edit: in a non-gleeful manner, of course…
He puts the jizz into justizze.
Calina
March 9, 2010, 9:11pm
#14
I love you all. I really do. It’s the fact that you all appear to lust after a High Court judge rather than Angelina Jolie or/and George Clooney that makes me feel this warm fuzzy feeling about you all.
Oh dearie me I do find all this male craving after one Peter Kelly ssssssoooooo much entertaining then i can possibly give expression to…
The flash mob idea is very good.
I suggest we target some worthy Dublin cause of a Sunday, when most people are free. Put it up on YouTube. Perhaps a private forum for interested parties?
2Pack
March 9, 2010, 11:07pm
#17
And of course it woudn’t be the first time for a solicitor up on one leg saying “I’m Not Solvent” in front of PK so why would you ???
Careful with that axe Eugene…
Coles2
March 9, 2010, 11:36pm
#19
…‘One of these days I going to cut you into little pieces’
I am using the case as an example to a client who I feel could be in just the same situation in a few months time.
You think I’m pissed? Wait till Kelly thinks your holding back buddy…
