The High Court has refused an application for well-charging relief by a company seeking to rely on a registered lien as security for loans advanced after 31 December 2009. In so ruling, the court held that the present case was “indistinguishable” from the judgment in Promontoria (Oyster)
Land Law
The latest edition of Folio, the conveyancing and land law journal from the Law Society of Northern Ireland, has been published. The first volume of 2021 includes pieces on drafting leases, the regulation of housing associations and issues affecting the agricultural property sector.
A new law clarifying the rights of certain ground rent tenants to acquire the freehold title of their properties has come into effect. Justice Minister Charlie Flanagan yesterday signed the commencement order to bring the Landlord and Tenant (Ground Rents) (Amendment) Act 2019 into operation.
A man who deposited land certificates with Ulster Bank as security for his indebtedness has won an appeal against the finding that a vulture fund, which bought the loan asset and related security, had the benefit of a lien by deposit over his lands. The Supreme Court unanimously overturned the