Property developer Michael O’Flynn borrowed €5m from AIB to buy racehorses and build his home shortly before the financial crisis hit in 2008.

The High Court will decide next week if it will dismiss an interim examiner appointed to four main companies in the Cork-based O’Flynn Construction Group.

The company that bought the €1.8bn debts of the O’Flynn Construction Group for just over €1bn has secured the appointment of an interim examiner for four key companies within the group.

A high-wire property development and finance rollercoaster ride continues for O’Flynn Construction.

The Elysian Tower in Cork in many ways symbolises the rise and fall of the Celtic Tiger and now, potentially, the developers behind the landmark project.

Plans for a nine-storey office block in the heart of Cork City with the potential to deliver up to 2,000 jobs have been withdrawn — even though the local authority gave it the green light.

Plans for a nine-storey office block in the heart of Cork City with the potential to deliver up to 2,000 jobs, have been dealt a fresh blow after the High Court granted a judicial review of planning permission for the development.

Nama has been asked to clarify its position on a planning objection lodged by one of its client firms against a €50m Cork City office block which has the potential to deliver 2,000 jobs.

Plans for a €50m, nine-storey office block in Cork City have been dealt a further blow with news of two further objections to its planning permission — including one from the owners of Ireland’s tallest building.