EMAILS sent by solicitors with the LK Shields law firm to the family of businessman Philip Lynch just hours before they signed up to a €25 million loan to buy development lands with developer Gerry Conlan stated Allied Irish Bank only wanted recourse to the land, not the family, the Commercial Court has heard.

A SOLICITOR has told the Commercial Court the final terms of a €25 million loan issued by Allied Irish Banks to buy development lands in Waterford gave the bank full recourse to businessman Philip Lynch and his family for repayment of that sum.