Businessman ordered to pay €8.4m

A BUSINESSMAN has been ordered by the Commercial Court to pay €8.4 million following his alleged failure to honour a contract related to a development at Dublin’s Church Street. A similar judgment order is also being sought against a second man, a solicitor.

William Ennis, of Leopardstown Avenue, Blackrock, Co Dublin, brought the proceedings against Vincent Maguire and Liam Moran, relating to an alleged agreement of February 2007 concerning a proposed development of the site at 27/31 Church Street.

In separate proceedings last week, six other businessmen who loaned substantial sums to Walsh, Maguire & Company, Northwood Business Campus, Santry, Dublin, a property development company now in liquidation, secured judgment orders against Mr Maguire and Mr Moran requiring them to pay the plaintiffs €2.28m.