The owner of two prestigious Georgian office buildings in Dublin's Stephen's Green faces receivership of the properties after he failed to pursue High Court injunction proceedings blocking efforts to prevent the takeover due to a €13m debt.

A fund's application for a €1.7m judgment against former AIB and Central Bank director Bernard Somers in relation to a loan secured on various assets, including his home in Foxrock, Dublin, has been adjourned by the Commercial Court.

A fund is seeking judgment for €2.6m against the developer of two luxury Liffeyside homes in Dublin.

Two Australian gold miners spent a 12th night trapped underground as rescuers worked in relays tonight to cut the final stretch of an escape tunnel by hand.