Nama secures €35m order on loans

Nama has secured summary judgment orders for a combined total of nearly €35m against a solicitor, a property company, and a businessman over unpaid property loans.

A Nama company brought the proceedings against Paul O’Brien, a solicitor with an address at Courtbrack Avenue, South Circular Rd, Limerick; Oyster Developments Ltd, with registered offices at The Courtyard, Killarney, Co Kerry, and David Crowe, a businessman, of Tullig Spa, Killarney.

At the Commercial Court yesterday, counsel for Nama, Bernard Dunleavy, sought summary judgment orders against all three defendants.