Four businessmen consent to summary judgment orders of €63m

FOUR businessmen have consented before the Commercial Court to some €63 million summary judgment orders against them over unpaid loans.

Bank of Ireland had sought the orders against Michael Conway Senior, Maglin House, Carriganarra, Ballincollig, Cork; Michael Conway Junior, Lake View, Faha, Dripsey, Cork; Kieran Conway, Burkes Hill, Tivoli, Cork, and Paudie Dennehy, Seaview, Ballinaskulla, Myrtleville, Cork.

The bank claimed some €24.3m was owed under loans advanced to the defendants, trading together as the Conway Partnership, while another €38.5m was due under guarantees allegedly provided by them over the liabilities of Rumex and Daphne Investments, trading as the Dee Partnership.