An agent of Italy's top football league has secured a High Court freezing order preventing an Irish-based media firm from reducing its assets below a value of €18m.

A consultant who lost a Ferrari in a deal for a dream McLaren sports car he never received, has been paid €55,000 by the dealer he sued, the High Court was told.

A company director who was served with legal proceedings last Saturday checked himself into St John of God’s the following day, the High Court has heard.

Nama has secured a number of High Court orders freezing the assets of developer John McCabe and members of his family.