Order over Drumm home continued

AN order restraining the wife of former Anglo Irish Bank CEO David Drumm from certain dealings with the couple’s former family home in Co Dublin has been continued at the Commercial Court for another two weeks.

Mr Justice Peter Kelly has also deferred, pending the outcome of developments in the US where Mr Drumm last month filed for voluntary bankruptcy, decisions on whether and how the action by Anglo against Mr Drumm over unpaid loans of some €8 million may proceed in the Irish courts.

The effect of Mr Drumm’s bankruptcy move has been to impose a worldwide stay on legal proceedings against Mr Drumm and the High Court here has reserved its decision whether to recognise the US proceedings via an “order in aid”.