Dellway Investment Ltd and Others v National Asset Management Agency (NAMA) and Others

CourtSupreme Court
Docket Number396/10, [2010 Nos. 909 JR & 222 COM and S.C. No. 396 of 2010]
JudgeMurray C.J., Denham J., Mr. Justice Hardiman, Mr. Justice Fennelly, Macken, J., Mr Justice Finnegan
Judgment Date12 Apr 2011
JurisdictionIreland
Neutral Citation[2011] IESC 14, [2011] IESC 4

[2011] IESC 14

THE SUPREME COURT

Murray C.J.

Denham J.

Hardiman J.

Fennelly J.

Macken J.

Finnegan J.

McKechnie J.

396/10
Dellway Investments Ltd & Ors v National Asset Management Agency (NAMA) & Ors

BETWEEN

DELLWAY INVESTMENTS LIMITED, METROSPA LIMITED, BERKLEY PROPERTIES LIMITED, MAGINOTGRANGE LIMITED, MAY PROPERTY HOLDINGS LIMITED, SCI 20 PLACE VENDOME, DIRECTDIVIDE TRADING LIMITED, SUBMITQUEST LIMITED, BELFAST OFFICE PROPERTIES LIMITED, THE FORGE LIMITED PARTNERSHIP, FINBROOK INVESTMENTS LIMITED, CONNIS PROPERTY SERVICES LIMITED, FORMCREST CONSTRUCTION LIMITED, CHESTERFIELD (THE PAVEMENTS) SUBSIDIARY LIMITED, ABEY DEVELOPMENTS LIMITED AND PATRICK MCKILLEN
APPLICANTS / APPELLANTS
-V-
NATIONAL ASSET MANAGEMENT AGENCY, IRELAND AND THE ATTORNEY GENERAL
RESPONDENTS

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S69

INTERPRETATION ACT 2005 S17

NATIONAL ASSET MANAGEMENT AGENCY (DESIGNATION OF ELIGIBLE BANK ASSETS) REGS 2009 SI 568/2009 REG 2

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S84(1)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S84

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S84(4)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S84(5)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S87

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S103

IRWIN v DEASY UNREP SUPREME 14.5.2010 2010 IESC 35

EAST DONEGAL CO-OPERATIVE LIVESTOCK MART LTD & ORS v AG 1970 IR 317

FUREY, STATE v MIN FOR DEFENCE & AG 1988 ILRM 89 1984/2/408

CONSTITUTION ART 40

RYAN v AG 1965 IR 294

IRISH PHARMACEUTICAL UNION, STATE v EMPLOYMENT APPEALS TRIBUNAL 1987 ILRM 36 1986/3/972

MCDONALD v BORD NA GCON & AG 1965 IR 217

FLANAGAN v UNIVERSITY COLLEGE DUBLIN 1988 IR 724 1989 ILRM 469 1988/8/2214

DOUPE v LIMERICK CO COUNCIL & O'CONNOR 1981 ILRM 456

O'CALLAGHAN v CMRS OF PUBLIC WORKS IN IRELAND & AG 1985 ILRM 364 1984/8/2607

O'BYRNE v MIN FOR FINANCE & AG 1959 IR 1 1960 94 ILTR 11

FLYNN v ALLEN & HONOURABLE SOCIETY OF KINGS INNS; FLYNN v GOGARTY & ORS UNREP LYNCH 2.5.1988 1988/4/1107

CONSTITUTION ART 28.3.3

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S2

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S85

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 PART VII CHAP 1

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S87(3)

SNELL & ORS PRINCIPLES OF EQUITY 27ED 1973 378

BYRNE & MCENTAGART THE NATIONAL ASSET MANAGEMENT AGENCY ACT 2009: ANNOTATIONS & COMMENTARY 2010 304

LAND & CONVEYANCING LAW REFORM ACT 2009 S107(2)

LAND & CONVEYANCING LAW REFORM ACT 2009 S96

LAND & CONVEYANCING LAW REFORM ACT 2009 S96(2)

ANTRIM COUNTY LAND BUILDING & INVESTMENT CO LTD & HEUSTON v STEWART 1904 2 IR 357

HAPGOOD & ORS PAGETS LAW OF BANKING 13ED 2007 820

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S84(4)(C)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S84(4)(H)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S84(4)(K)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S10

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S192

CREDIT INSTITUTIONS (FINANCIAL SUPPORT) SCHEME 2008 SI 411/2008

CREDIT INSTITUTIONS (STABILISATION) ACT 2010

FINANCIAL EMERGENCY MEASURES IN THE PUBLIC INTEREST ACT 2010

CREDIT INSTITUTIONS (FINANCIAL SUPPORT) ACT 2008 S6(1)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S70

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S69(2)(D)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S69(2)(A)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S69(2)(B)

NATIONAL ASSET MANAGEMENT AGENCY (DESIGNATION OF ELIGIBLE BANK ASSETS) REGS 2009 SI 568/2009 REG 2(A)(i)

NEW SHORTER OXFORD ENGLISH DICTIONARY 1993

KHAN v HEALTH SERVICE EXECUTIVE UNREP MCMAHON 2008/33/7254 2008 IEHC 234

CARNA FOODS LTD & MALLON v EAGLE STAR INSURANCE CO (IRL) LTD 1995 1 IR 526 1995 2 ILRM 474 1995/16/4172

CLARKE v DISTRICT JUDGE HOGAN & DPP 1995 1 IR 310 1995/6/1935

PHILPOTT, STATE v REGISTRAR OF TITLES 1986 ILRM 499 1985/9/2684

GARVEY v IRELAND & ORS 1981 IR 75 1979 113 ILTR 61

HOGAN & WHYTE JM KELLY: THE IRISH CONSTITUTION 4ED 2003 PARA 6.1.52

HOGAN NATURAL & CONSTITUTIONAL JUSTICE - ADIEU TO LAISSEZ-FAIRE 1984 19(2) IJNS 309

CASEY CONSTITUTIONAL LAW IN IRELAND 3ED 2000

CONSTITUTION ART 40.3

COX v IRELAND & ORS 1992 2 IR 503

SOPROPE - ORGANIZACOES DE CALCADO LDA v FAZENDA PUBLICA 2008 ECR I-10369 2009 2 CMLR 5

CONSTITUTION ART 28

HOGAN & ORS ADMINISTRATIVE LAW IN IRELAND 4ED 2010 718

WOOLF & ORS DE SMITHS JUDICIAL REVIEW 6ED 2007 CHAP 8

O CEALLAIGH v BORD ALTRANAIS 2000 4 IR 54 2000/2/648

K (D) v JUDGE CROWLEY & ORS 2002 2 IR 744 2003 1 ILRM 88 2002/14/3380

DOMESTIC VIOLENCE ACT 1996 S4(3)

HOGAN & ORS ADMINISTRATIVE LAW IN IRELAND 4ED 2010 PARA 14.249

HOGAN & ORS ADMINISTRATIVE LAW IN IRELAND 4ED 2010 PARA 14.245

HOGAN & ORS ADMINISTRATIVE LAW IN IRELAND 4ED 2010 708

GORMAN & ORS v MIN FOR ENVIRONMENT & ORS 2001 2 IR 414 2001/11/2930

O'BRIEN v PERSONAL INJURIES ASSESSMENT BOARD (NO 2) 2007 1 IR 328 2007 1 ILRM 304 2006/44/9395 2006 IESC 62

GOOLD v COLLINS & ORS 2005 1 ILRM 1 2004/19/4389 2004 IESC 38

CONDON & ORS v MIN FOR LABOUR & AG 1981 IR 62

UNITED STATES v PHOSPHATE EXPORT ASSOCIATION 1968 393 US 199

MACPHARTHALAIN & ORS v CMRS OF PUBLIC WORKS & ORS 1992 1 IR 111

MACPHARTHALAIN & ORS v CMRS OF PUBLIC WORKS & ORS 1994 3 IR 353

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S87(3)(B)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S101

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S139

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S152

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S153

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S154

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S155

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S156

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S84(2)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S10(1)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S83

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S84(4)(N)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S90

MCCORMACK v GARDA SIOCHANA COMPLAINTS BOARD & CMSR OF AN GARDA SIOCHANA 1997 2 IR 489 1997 2 ILRM 321 1997/4/1431

HEMPENSTALL & ORS v MIN FOR ENVIRONMENT 1994 2 IR 20 1993/3/645

CHADWICK (DECEASED) & GOFF v FINGAL CO COUNCIL 2008 3 IR 66

CHESTVALE PROPERTIES LTD & HODDLE INVESTMENTS LTD v GLACKIN 1993 3 IR 35 1992 ILRM 221 1992/1/103

HAUGHEY & MULHERN v MORIARTY & ORS 1999 3 IR 1

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 PART IX CHAP 4

GLEESON, STATE v MIN FOR DEFENCE 1976 IR 280

WOOLF & ORS DE SMITHS JUDICIAL REVIEW 6ED 2007 377

EUROPEAN CONVENTION ON HUMAN RIGHTS & FUNDAMENTAL FREEDOMS ART 6

CHARTER OF FUNDAMENTAL RIGHTS OF THE EUROPEAN UNION ART 47

ALASSINI v TELECOM ITALIA SPA 2010 3 CMLR 17

KNAUF GIPS KG v CMSN 2010 5 CMLR 12

WINNER WETTEN GMBH v BURGERMEISTERIN DER STADT BERGHEIM 2011 1 CMLR 21

O'CALLAGHAN v JUDGE MAHON & ORS (PLANNING TRIBUNAL) 2006 2 IR 32 2005/46/9637 2005 IESC 9

HAUGHEY, IN RE 1971 IR 217

KIELY v MIN FOR SOCIAL WELFARE 1977 IR 267

MAGUIRE & ORS v ARDAGH & ORS 2002 1 IR 385

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 PART IX

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S151

WELLS, IN RE; SWINBURNE-HANHAM v HOWARD 1933 CH 29

HOWARD v HARRIS 23 ER 406 1683 1 VERN 190

SPURGEON v COLLIER 28 ER 605 1758 1 EDEN 55

SAMUEL v JARRAH TIMBER & WOOD PAVING CORP LTD 1904 AC 323

CONVEYANCING & LAW OF PROPERTY ACT 1881 PART IV

LAND & CONVEYANCING LAW REFORM ACT 2009 S103

KENNEDY v DE TRAFFORD 1896 1 CH 762

HOLOHAN v FRIENDS PROVIDENT & CENTURY LIFE OFFICE 1966 IR 1

FARRAR v FARRARS LTD 1889 40 CH D 395

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S17

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 PART IV

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 PART V

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 PART VIII

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 PART VI

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 PART X

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S182

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S192

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S146

LAND & CONVEYANCING LAW REFORM ACT 2009 S96(1)(C)

LAND & CONVEYANCING LAW REFORM ACT 2009 S97(1)

LAND & CONVEYANCING LAW REFORM ACT 2009 S99

LAND & CONVEYANCING LAW REFORM ACT 2009 S100(2)

LAND & CONVEYANCING LAW REFORM ACT 2009 S108

LAND & CONVEYANCING LAW REFORM ACT 2009 S97

GALE v FIRST NATIONAL BUILDING SOCIETY 1985 IR 609 1987 ILRM 30 1985/8/2161

LAND & CONVEYANCING LAW REFORM ACT 2009 S100

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S145

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 PART IX CHAP 3

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S148(4)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S7

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S155(1)

LAND & CONVEYANCING LAW REFORM ACT 2009 S92

FISHER & ORS FISHER & LIGHTWOODS LAW OF MORTGAGE 10ED 1987

LYALL LAND LAW IN IRELAND 3ED 2010

LAND & CONVEYANCING LAW REFORM ACT 2009 S96

BRUCE v BROPHY 1906 1 IR 611

CLINTON v BERNARD 1844 6 I EQ R 355

EDWARDS, IN RE 1861 11 I CH R 367

NATIONAL BANK OF AUSTRALASIA v UNITED HAND-IN-HAND & BAND OF HOPE CO 1878-79 4 APP CAS 391

TURNER v SMITH 1901 1 CH 213

SIMMONS v MONTAGUE 1909 1 IR 87

TAHITI COTTON CO, IN RE 17 LR EQ 273

TRUSTEE ACT 1893 S5

ASHENHURST v JAMES 26 ER 958 1745 3 ATK 270

EARL OF MACCLESFIELD v FITTON 23 ER 392 1683 1 VERN 168

FORSYTH & ANOR v BLUNDELL & ANOR; ASSOCIATED SECURITIES LTD v BLUNDELL 1972-3 129 CLR 477 1973 HCA 20

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S81

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S82

ADDERLEY v DIXON 57 ER 239 1823-4 1 SIM & ST 607

KERR & PATERSON A TREATISE ON THE LAW & PRACTICE OF INJUCTIONS 6ED 1927 523-532

QUENNELL v MALTBY & ANOR 1979 1 WLR 318 1979 1 AER 568

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S101(2)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S139(B)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S139(A)

FIRST NATIONAL SECURITIES LTD v CHILTERN DISTRICT COUNCIL 1975 1 WLR 1075 1975 2 AER 766

LAND ACT 1965 S12

LAND ACT 1965 S45

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S7(1)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S7(2)

NATIONAL ASSET MANAGEMENT AGENCY ACT 2009 S7(3)

NATIONAL ASSET MANAGEMENT...

To continue reading

Request your trial