High Court refuses an application by a defendant to proceedings to dissolve or vary a previous order which granted a declaration that the plaintiff had validly exercised an option to purchase a property for €725,000, notwithstanding that the sale had not been completed and the monies had not been paid, on the grounds that the court did not have jurisdiction to re-open the existing order - notwithstanding the defendants' financial need to sell the property and the plaintiff's failure to complete the purchase.
option to purchase, property sale, specific performance, contract completion, High Court, financial difficulties, declaration, jurisdiction, variation of order, dissolution of order, rule against perpetuities, repudiation of contract, inherent jurisdiction, General Conditions of Sale, Law Society of Ireland, Covid pandemic, affidavit, motion papers, submissions, tenancy agreement, estate agent, solicitor's letter, binding contract, vendor and purchaser, equitable remedies, laches, legal costs, fire safety compliance, lis pendens, replying affidavit, res judicata, Henderson v Henderson, Mount Kennett Investment Company v Patrick O’Meara, Knockacummer Limited v Cremins, Spiro v. Glencrown Properties Limited, McGrath v Stewart, Fire Services Act 1981 and 2003.