A company claims it has an equitable interest in the Wellington Hotel in Temple Bar, Dublin, as a result of fitting out the premises before it went into receivership.A company claims it has an equitable interest in the Wellington Hotel in Temple Bar, Dublin, as a result of fitting out the premises before it went into receivership.
In the alternative, it seeks declarations it has an equitable charge over the premises and/or that the goods within it remain its property and are being held by the defendants solely as fiduciary agents/bailees. She said the property is subject of a mortgage with Finance Ireland which is a secured creditor. Once the hotel is sold and Finance Ireland paid from the proceeds, along with the costs of the receivership, there will be “little or no prospect of recovery” for unsecured creditors, she said.