After Mr Ryan emerged from his one-year English bankruptcy in 2013, Mr English sold HKRME back to the architect. In a judgment in 2019, Mr Justice Denis McDonald refused an application that he order Mr English to return all the money transferred to Sunvit. He decided that the true nature of the agreement between Mr Ryan and Mr English was that Mr English was acting as a caretaker for Mr Ryan and that Mr Ryan had directed the transfer of the money. He said Mr Ryan was not before the court seeking return of the money, rather HKRME was. if there is any basis for a claim, the trustee would appear to be a more appropriate claimant” than would HKRME, the judge said.

Source: The Irish Times May 31, 2021 17:11 UTC