Friends First pursues €4.6m

Friends First Finance Ltd is seeking summary judgment totalling €4.6 million against the widow of deceased property developer Liam Maye over guarantees she gave on loans to the couple’s three daughters for equity fund investments.

Friends First claims the money is due to it arising out of Anne Maye’s guarantee on Feb 4, 2009, to pay on demand the €4.5m given to her daughters, Emma, Dawn and Nicola, in the event of the loans not being repaid by them.

Last June, Friends First obtained summary judgment in the Commercial Court for the loans against the three daughters.