Introduction
On 13 May 2026, Mr. Justice Twomey delivered a judgment in which the Court refused to grant an injunction prohibiting the sale of properties by receivers. The case involved the Irish property fund Goldstein Properties ICAV (“Goldstein”) and RELM Loan Opportunities DAC (“RELM”) the commercial and residential real estate finance company.
The Court was critical of the conduct of the parties, in particular in relation to the plaintiffs attempt to prevent the sale of the property in question by threatening the estate agents acting in the sale. The Court noted that while there was nothing illegal about the conduct, and it did not play a part in the outcome of the decision, it was very critical of what it termed the “weaponisation” of legal costs to secure a result in the absence of a court order. The Court placed reliance on the delay in seeking to injunct the sale and the fact that damages would be an adequate remedy if Goldstein were to ultimately succeed at a full hearing.
