Irish court issues $1.26m judgement
Award made against developer over proposed Dubai property deals
An Irish businessman living in Dubai has secured €1mn ($1.26mn) judgment against a developer over a failed property deal in the Emirate, according to the Irish Times newspaper.
James Byrne, originally from Waterford and now living in Dubai, gave €633,000 ($800,000) to Caoimhin McGeever, otherwise known as Kevin McGeever and his company KMM International Ltd, in 2006 to purchase three studio apartments and a duplex apartment in Dubai.
The High Court in Dublin was told that Byrne never received ownership of the apartments, nor his money back, and later learned that one of the properties was sold to another party.
Several attempts, including two trips to Dubai, were made to resolve the issue with McGeever, but all proved to be in vain.
The High Court awarded a judgement of €1mn against McGeever and his company, which included interest and expenses.
McGeever was not in court and lawyers representing him were given permission to cease acting on his behalf as they were unable to get instructions from him.