Courts / Dublin / Report

Bank seeks summary judgment of €7.5m

Date
2017-11-28
Stage
Hearing Or Decision
Primary locality
Dublin
County
Dublin

Summary

A bank's application for summary judgment for €7.5m against a Dublin man has been admitted to the fast‑track commercial court list. Ulster Bank Ireland Designated Activity Company is seeking judgment against Mr Liam Mulvaney of Sarsfield Road, Inchicore, Dublin 8. The bank, represented by Kelley Smith BL, says it loaned monies under various agreements to Mr Mulvaney and other co‑borrowers between 2004 and 2010. The loans were used for purchases of lands and properties in Ireland and Romania and for working capital to assist with various investment properties. In 2015 the bank entered into an arrangement with financial fund Promontoria Aran Ltd (PAL) where it holds the right title, security and interest in the loans in trust for PAL.

Who, what, where, when and why

What: Report matter: Bank seeks summary judgment of €7.5m. Procedural stage: hearing_or_decision

When:

Places mentioned

Secondary Mention
Residence

Topics

Stage Hearing Or Decision

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