Bank sues solicitor for €9.6m over guarantees

SOLICITOR and businessman Noel Smyth is being sued for €9.6 million at the Commercial Court over his guarantees of loans made to two companies.

Mr Justice Peter Kelly agreed to fast-track the action by Danske Bank, trading as National Irish Bank, against Monway and Fitzwilliam Finance Corporation, both with registered offices at Arkle Road, Sandyford, Dublin; and Mr Smyth, of Lisieux Hall, Murphystown Road, Sandyford, Dublin.

Declan Murphy, counsel for the defendants, said they wanted two weeks to file a defence to the application. Mr Murphy said the defence would include claims a bond was mis-sold to Fitzwilliam and would also be making set-off claims.