NAMA HAS secured summary judgment for more than €58 million against one solicitor and for €13.8 million against a second arising from loans advanced mainly for property developments in the Munster area, including shopping centres and residential developments.
The agency is also pursuing a number of businessmen and companies at the Commercial Court for sums ranging from €2.3 million to €50 million relating to the same loans.
In four different sets of proceedings yesterday, Mr Justice Peter Kelly granted summary judgment orders sought by Bernard Dunleavy, for Nama, against Paul O’Brien, Sunbury, Courtbrack Avenue, South Circular Road, Limerick, totalling just over €58 million. In one case, he granted summary judgment for €13.8 million against another solicitor, Denis McMahon, Beechurst, North Circular Road.
Arising from the need to address interest and other issues, the judge adjourned to Thursday Nama’s claim for summary judgment orders against other businessmen and companies.
The claims arose from 32 separate loans, 24 separate guarantees and indemnities and 79 separate security documents relating to 87 loans transferred from AIB to Nama in December 2010.
