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Everyday succeeds in High Court motion on Lavelle loans


Galway-based Everyday Finance has succeeded in a High Court motion to be named the first claimant in a case related to security that was used by financier Peter Lavelle to raise loans from Anglo Irish Bank.
The move was objected to by Capita, which is the trustee of a trust whose original beneficiaries were Mr Lavelle, his wife and children.
In 2019, Everyday – which is owned by London-based Link Financial – acquired loans for which Mr Lavelle had provided interests in shopping malls in Bulgaria and Poland as security.
Everyday acquired them from another firm called Stapleford Finance.
Mr Lavelle borrowed money from the now defunct Anglo Irish Bank in 2006 and 2007 to invest in property deals promoted by Quinlan Private, which is now known as Avestus Capital Partners. ....

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