Property fund director bankruptcy may not proceed

It follows a judgment, that arises from guarantees concerning loans to purchase Ballsbridge properties from Nama

Stephane Fund was a co-director of Bisvale DAC along with former Irish rugby international Brendan Mullin. It went into receivership in 2021. 

An application seeking to have a former director of a property development fund adjudicated bankrupt over a €1.85m judgment debt might not proceed next month as settlement terms have been shared between the parties, the High Court has heard.

Stephane Fund, 56, and former Irish rugby international Brendan Mullin were co-directors of Bisvale DAC, which went into receivership in 2021.